Aug 24, 2019 · Hello everyone. A few months ago, my 96 year old aunt passed away and she left her home to another family member who is not interested in ...
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Nov 23, 2021 · Reverse mortgages are generally a terrible financial decision. A HELOC or cash-out refi would let you extract cash, but you'll obviously owe ...
May 28, 2022 · They owe $580k on the reverse mortgage which keeps accruing at 2.3% interest. The appraised value of the house is 900k.
Oct 6, 2023 · Looking for some advise. Here's what information I have: - My father passed away last month, my mother's name is on both the reverse ...
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Feb 3, 2023 · In a reverse mortgage, you're basically selling your home back to the bank over time, and using that money to live on. This means that when you ...
Mar 12, 2022 · I am thinking because he owns his 300K home outright (minus the 40k reverse mortgage) he can get perhaps a 10 year loan with smaller $300-$400 ...
May 9, 2021 · My father, who inherited his father's house, took out a reverse mortgage against our pleading six years ago. Today, he died suddenly.
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Mar 8, 2023 · Reverse mortgages are sold competitively and are a reasonably efficient way to take equity out of a house. Compare a normal mortgage. If you ...
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Nov 10, 2022 · Reverse mortgages can be really good for people. People's options of them are out dated and most problems have to do with older products that ...
Elderly parent snuck a reverse mortgage… : r/personalfinance
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Feb 19, 2024 · A classic Reddit answer. "I had this bad experience, therefore yours is the same. Cut off all contact with your family and never speak to them ...
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