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Sep 16, 2014
1:39
:46
pm
GSwarriorcoug
they aren't bad, with one major caveat
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
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GSwarriorcoug
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Oct 25, 2006
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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
GSwarriorcoug
9/17/14 12:02pm
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