they aren't bad, with one major caveat

Sep 16, 2014
1:39:46pm

GSwarriorcoug

If they need a nursing home and can't afford it, then they won't be eligible to have Medicaid cover the nursing home until 5 years after the reverse mortgage. For many seniors there is no other way to afford a nursing home with out Medicaid.

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GSwarriorcoug

Previous username: (Private)
Bio page: GSwarriorcoug
Joined: Oct 25, 2006
Last login: Apr 29, 2024
Total posts: 6,494 (215 FO)

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Messages

Author

Time

are "reverse mortages" ever a good idea? I honestly don't know

run26

9/16/14 1:04pm

If you don't want to leave the house to anyone why not?

joehayes

9/16/14 1:05pm

simply judging them by the fact their commercials

NanoFab Coug

9/16/14 1:06pm

They can be incredibly helpful in the right circumstance.

monteburns

9/16/14 1:09pm

For a lot of people they are a great idea, in fact they are essential to them

bulletproof

9/16/14 1:13pm

If they are good enough for Fred Thompson they are good enough for me

jonnnylingo

9/16/14 1:34pm

they aren't bad, with one major caveat

GSwarriorcoug

9/16/14 1:39pm

This simply isnt true.

bulletproof

9/16/14 2:03pm

Sorry, but it is. Do you work for Medicaid?

GSwarriorcoug

9/17/14 11:36am

Often. Not always.

TheDash

9/16/14 1:46pm

Tell us more--what makes it a good idea, when is it a bad idea?

Florwood

9/16/14 2:03pm

Here's the most common situation:

TheDash

9/16/14 2:11pm

Let me give you an example,

bulletproof

9/16/14 2:12pm

Your last sentence of this post is exactly why they would have a

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