I just thought I'd share that my hubby does reverse mortgages and can do them in Florida as well as Texas and several other states. He's the company's trainer as well as my favorite reverse mortgage loan officer!
If you or a loved one are 62 or older and own your own home (it doesn't have to be paid off) and are interested, let me know and I'll put you in touch with him.
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SWGB
So to get this straight, I can get a monthly check if I'm 62 and they have to keep sending it to me until I die or the equity runs out?
I heard about something like this in Europe, but you basically pay rent until the owner dies, the down side is that it can be assigned to your children, something about a 60 year-old woman do it and living to 110.
The guy who set it up never saw the inside of the house and his kids were still paying when she died.
I heard about something like this in Europe, but you basically pay rent until the owner dies, the down side is that it can be assigned to your children, something about a 60 year-old woman do it and living to 110.
The guy who set it up never saw the inside of the house and his kids were still paying when she died.
Beach Comber
You might want to compare a reverse mortgage with downsizing or a HELOC first since every situation’s different, especially with heirs involved. I understand the process when helping my aunt.
Edited
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