Quote:
Originally Posted by ken0042
OK, I can't say I've looked that hard into it, but isn't a reverse mortgage just one of those things that might be right for some, but not everybody?
Like if I'm single, 70, and in poor health why not get some cash and live the last few years of my life full of hookers and blow instead of eating cold Kraft Dinner in the dark? Sure, if you have family to take care of (or leave the house to) it may not be the best idea.
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Congrats, you've succeeded in finding the one situation a reverse mortgage MAY* work reasonably well. But if you have anyone you love to leave behind, don't bother. If you hate your kids, a RM might be a good thing. However, there is a better option.