Jul 14, 2012

A Survey: What do you think about "reverse mortgages"?

I received an email from a business that wants to post a guest blog related to reverse mortgages.  I really don't know that much about the subject so I am going to ask them to write something up for me.  But I want to know...what do you think?

Leave a comments please...I need your input.

Twitter: barbblogtwits


Debby said...

If I remember right this is one of Daves Ramesy's big No No's. He is my fall back guy in things I have no idea about. I would think by retirement most peoples homes would be paid off. To me selling the house and using the $$ if need be seems like a better idea

Arizona2012 said...

Big NO NO NO NO! I am with Debby who already commented. Many Seniors get into huge financial trouble with this one.

Janette said...

Makes me uncomfortable. I would never consider one.

Barbara Torris said...

Debbie, That was my memory too...mine comes from being 71 and living through having no money and having plenty. Spending what I make and not what I saved has always seemed like a good idea.


Barbara Torris said...

Arizona2012, You are so right. Even when we get "old" we can count on living for a lot longer than we think and it probably is going to cost a lot more than we can dream. Debt is not a good thing especially now.


Barbara Torris said...

Jannette, I cannot imagine a situation that I might consider the reverse mortgage but I am interested in seeing if there are things I don't know. I know for sure that it would be outside my comfort zone!


Shelley Smith said...

Read this first, then make your decision.

Barbara Torris said...

Thank you for the heads up Shelly.


Britney Spears said...

I read this article, survey questionnaire article very informative and interesting.Believe me i have never ever read this type of article, I refer your blog to many of my friends as well.
Thanks for sharing knowledge..

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