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Politics : Bill Clinton Scandal - SANITY CHECK
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To: pezz who wrote (7283)10/5/1998 5:59:00 PM
From: Lady Lurksalot  Read Replies (1) of 67261
 
Pezz,

A reverse mortgage IS a mortgage. As with any loan, the parties involved and the property must qualify for such mortgages and payments must be made. As you research this type of mortgage for your parents, I hope you read the really fine print often contained in these types of loan documents.

Me? I cannot see going the reverse mortgage route without a very good reason or purpose, such as astronomical medical bills or the need for custodial home care. Think about it. A day may come when this nebulous source of income must be tapped, and you will want it to be there.

Holly
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