Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Is There Life After UPS?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="UPS Lifer" data-source="post: 318498" data-attributes="member: 9789"><p>I think this is a great program for some folks (not all)!</p><p></p><p>There are a lot of stipulations for reverse mortgages. I think you have to be at least 65 to qualify. If you don't have anyone to leave your assets to, it may be an option. Also, for those seniors that are going in the hole every month and don't know how to make ends meet, it may be just the salvation they are looking for. If you take the equity out and, eliminate the house payment and invest the rest - This could be a great way to enjoy the rest of your life without money worries. These seniors may even be able to go on that once in a lifetime trip they never would have been able to afford. </p><p></p><p>Contrary to popular belief - you can pay off the loan and get out of the reverse mortgage if you set the loan up right.</p><p></p><p>You can't take the home with you to the next life!</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 318498, member: 9789"] I think this is a great program for some folks (not all)! There are a lot of stipulations for reverse mortgages. I think you have to be at least 65 to qualify. If you don't have anyone to leave your assets to, it may be an option. Also, for those seniors that are going in the hole every month and don't know how to make ends meet, it may be just the salvation they are looking for. If you take the equity out and, eliminate the house payment and invest the rest - This could be a great way to enjoy the rest of your life without money worries. These seniors may even be able to go on that once in a lifetime trip they never would have been able to afford. Contrary to popular belief - you can pay off the loan and get out of the reverse mortgage if you set the loan up right. You can't take the home with you to the next life! [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Is There Life After UPS?
Top