williamw404 (November 30, 1999 at 12:00 am)

This passes for helpful information? She honestly has no idea what she is talking about.

012009DEAN (November 30, 1999 at 12:00 am)

I Agree 100%. they missed the target on those points. it's a great loan for many.... the biggest advantage they neglected to mention... the consumer get's to stay in their own house as long as they want.

tboss2677 (November 30, 1999 at 12:00 am)

could not agree with more!

tboss2677 (November 30, 1999 at 12:00 am)

Things that are misleading:1) There is NO credit requirement (not very little)2) The heirs or children only owe what has been borrowed. So if the person got a line of credit all that is owed is what has been used.3) It is not for the desperate. People use it for various reasons: Fix up there home, investments, using it to buy a 2nd home and the KEY ONE:4) PAY OFF YOUR EXISTING MORTGAGE: Take a $2,000 monthly payment on a $300,000 mortgage and NEVER HAVE A MORTGAGE PAYMENT AGAIN!

catndryer (November 30, 1999 at 12:00 am)

This is not a Last Resort !!!!!!! Jeezuzzzzzz!!!!!!...................If you have no interest in leaving your house to your greedy, thankless, ungrateful kids........you can continue living in it for ten years or so before you die.....and get a check equivelent to what the payment on the house would be if you were still paying on it.......it is a beautiful Retirement Plan..........just so you don't screw up and live too long.....cause then the bank will toss you out on your azzzz.....

BinkieMcFartnuggets (November 30, 1999 at 12:00 am)

A reverse mortgage is where they pay you to live in a house, very tricky to pull off, but worth it.

ThighDeepinTofu13 (November 30, 1999 at 12:00 am)

zomg first xD this is gonna get like 8 thumbs down