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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Lady Lurksalot who wrote (7337)	10/5/1998 8:27:00 PM
From: pezz	Read Replies (1) \| Respond to of 67261

Holly,while there are many types of plans the ones that I looked at were <<are these fees paid up front >>yes in that they are added to the debt no cash however must be paid .The selling price ? good question it must pay the loan [if possible]I am not sure otherwise.<<does the mortgage company keep the profits>> Amazingly in some plans they get half of the profits [see what I meant about getting screwed?] << What advantages over a straight line of credit>>Well I think in the latter you must be able to show an income to qualify and don't payments have to be made? <<I would consider a reverse mortgage only as a last resort>> Yes indeedee.But my point was that seniors with this net wealth do have resources. pez