Reverse Mortgages Beware!
posted at 1/17/2013 12:34 PM EST
Okay, let me first say that I am no expert. However, how many of you have watched these millionaire celeberties (just saw Henry Winkler) in advertisments for these things? - "Hey, we'll even throw in an magnatizing - thingy -a - bob so you can see what you're signing away."
Folks, unless you are really really desperate, I say DON'T DO IT! You lose control over your biggest asset and screw your heirs.
I loved the Fonz. Robert Wagner was awesome too - especially before he pushed., um, lost my idle Natalie Wood somewhere in the ocean. However, these guys are sitting in their mansions, colllecting yet another check and telling us to put our biggest possesion on the line??
Um, hell no....
Of course, as Bill Maher says, I could be wrong. Am I?
Re: Reverse Mortgages Beware!
posted at 2/11/2013 3:30 PM EST
Are you suggesting that a former Republican Presidential candidate would advise the American Public to do something that was bad for them? I don't believe it.
Re: Reverse Mortgages Beware!
posted at 4/22/2013 1:48 PM EDT
In response to Strangeglove's comment:
Okay, let me first say that I am no expert. However, how many of you have watched these millionaire celeberties (just saw Henry Winkler) in advertisments for these things? - "Hey, we'll even throw in an magnatizing - thingy -a - bob so you can see what you're signing away."
Folks, unless you are really really desperate, I say DON'T DO IT! You lose control over your biggest asset and screw your heirs.
I loved the Fonz. Robert Wagner was awesome too - especially before he pushed., um, lost my idle Natalie Wood somewhere in the ocean. However, these guys are sitting in their mansions, colllecting yet another check and telling us to put our biggest possesion on the line??
Um, hell no....
Of course, as Bill Maher says, I could be wrong. Am I?
Yes, you are wrong. Absolutely! I did it five years ago on the advice of my
attorney. I have no heirs and am enjoying spending the money. I bought my
property 25 years ago and have quadrupled my investment. It was perfect
for my situation but, of course, everyone is different.