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ablamj

(333 posts)

2. I've always found the commercials confusing too

Reply to TheNutcracker (Original post)

Sat Jun 13, 2015, 10:05 AM

Jun 2015

"You can keep your house" Henry Winkler says. But if payments are due when you die, who makes them? If you die broke, your family loses the house unless they can afford the payments, right? So basically isn't this just a way to take old people's houses?

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Reverse Mortgage Ads May Sidestep Potential Pitfalls [View all] TheNutcracker Jun 2015 OP

A DU'er asked about reverse mortages and this is currently circulating in the press TheNutcracker Jun 2015 #1

I've always found the commercials confusing too ablamj Jun 2015 #2

Guessing it is "you can stay in hour house" Ruby the Liberal Jun 2015 #4

So basically ablamj Jun 2015 #6

Some, probably Ruby the Liberal Jun 2015 #8

If they don't have any kids, it's not the worst thing. nt geek tragedy Jun 2015 #7

They aren't suitable for most people over 65 Ruby the Liberal Jun 2015 #3

What financial ad for anything doesn't gloss over the not so good aspects? hobbit709 Jun 2015 #5

These loans are a ripoff, but some people just don't have any other option. Hoyt Jun 2015 #9