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: 318529" data-attributes="member: 9789"><p>It seems to me that if someone has to revert to a reverse mortgage they would need to money to live. It should be the charity that is helping those folks!</p><p></p><p>Which brings up a good point on the reverse mortgages that were set up prior to the downturn in the housing market. The whole point to the lender is to get the home after you die. I will bet that some of the lenders are taking a real bath on reverse mortgages right now. The house could be worth less the the amount of the money that was lent out! </p><p></p><p>Good deal for the homeowner - bad deal for the lender!</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 318529, member: 9789"] It seems to me that if someone has to revert to a reverse mortgage they would need to money to live. It should be the charity that is helping those folks! Which brings up a good point on the reverse mortgages that were set up prior to the downturn in the housing market. The whole point to the lender is to get the home after you die. I will bet that some of the lenders are taking a real bath on reverse mortgages right now. The house could be worth less the the amount of the money that was lent out! Good deal for the homeowner - bad deal for the lender! [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Is There Life After UPS?
Top