What are the good and the bad of reverse mortgage? What should you look out for?
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What's your longevity?
If short, it may work. I took out an equity line on my mother's house to pay for her care.
I thought she had about 4 or 5 years to go at the most, based on doctor comments.
It was 10 years later before she passed.
It was paid off in the probate sale.
If short, it may work. I took out an equity line on my mother's house to pay for her care.
I thought she had about 4 or 5 years to go at the most, based on doctor comments.
It was 10 years later before she passed.
It was paid off in the probate sale.
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