After my father passed we sold my parents house. My mom lived there until the

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Apr 3, 2024
12:09:27pm

BlueFreak All-American

After my father passed we sold my parents house. My mom lived there until the

reverse mortgage was paid out and then they were going to charge her rent. We sold the house, paid off the reverse mortgage and kept the equity.

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BlueFreak

Previous username: Dr BlueFreak
Bio page: BlueFreak
Joined: May 22, 2009
Last login: May 17, 2024
Total posts: 4,575 (1 FO)

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Messages

Author

Time

Anybody have experience with reverse mortgages? My parents got one about 10 year

Apr 3, 12:06pm

The bank cannot pocket the equity....they only take what is owed.

WJCougar

Apr 3, 12:07pm

But the equity needs to fund the interest owed, doesn't it?

Plato

Apr 3, 12:25pm

My only experience with them:

foofcoug

Apr 3, 12:08pm

After my father passed we sold my parents house. My mom lived there until the

BlueFreak

Apr 3, 12:09pm

Thanks all

Apr 3, 12:13pm

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