2,684,009
Bitter heirs.
-
Sandy Padula & Norm Pa...
, CA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Michael Jacobs
Pasadena, CA
6,393,404
Far too often they seem to prey on the elderly, and catch their children by surprise later.
-
Anthony Kirlew
Gilbert, AZ
-
Lise Howe
Washington, DC
-
Kyle Beers
Spanish Fork, UT
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
3,988,007
The family generally has to handle the sale or disposition of the home and they are not happy that their relative created this debt.
-
Lise Howe
Washington, DC
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
5,583,278
there are specialists with the topic of reverse mortgages.... all questions I have would be directed to them....
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
4,572,183
I don't have any concerns because I would refer questions such as this to experts in the field. It's best not to practice outside one's field of expertise.
-
Inna Ivchenko
Encino, CA
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
1,525,616
I agree with Bob Crane.
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
1,712,676
Talk to a lener who does them.
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
900,128
Very high fees.
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
1,231,853
Lack of knowledge
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
5,049,133
I would ask a reverse mortgage specialist, which I am not. I think heirs may have some concerns
-
Lise Howe
Washington, DC
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
5,104,931
Have never done one... check with a mortgage specialist and financial/tax advisor.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
5,230,057
Make certain the lender specializes in these - not all lenders are created equal when it comes to reverse mortgages.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
321,564
Definitely talk to a lender that is actively working with reverse mortgages. People seem to shy away from what they don't understand.
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
5,772,575
Ask an expert. A
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
7,836,134
Make sure the product will best meet the needs of the borrowers.
You have some studying to do.
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
4,319,419
Kyle Beers I know some people like the wat it is done.
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
1,239,901
This question is at least 15 years ago where realtor and loan are same person. The same goes with many questions at Utah school.
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
3,986,258
Costs. mY parents did noe and the interest was very high and costs we al so. They ended up paying in iquity over 25%
-
Doug Dawes
Topsfield, MA
-
Mary Yonkers
Erie, PA
2,182,552
That some folks will forget to pay their Property Taxes !
-
Michael J. Perry
Lancaster, PA
1,725,996
As Professor Fred Griffin wrote. He should be teaching your course
-
Fred Griffin Florida R...
Tallahassee, FL
599,274
I'm not a fan of these products and would personally highlight the negatives more than the positives.
-
Kyle Beers
Spanish Fork, UT
2,220,323
I am not familiar with reverse mortgages.
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,196,798
I've never really looked into reverse mortgages Kyle Beers I don't think they are for everyone and can see where heirs may be upset
-
Kyle Beers
Spanish Fork, UT
1,598,452
921,504
When life changes direction, a reverse annuity mortgage isn't kind to the realities of life.
I think this is an underutilized resource that can address housing affordability for those whose income does not change to accommodate rising costs.
My advise to those who have elderly parents, be there to help them or you just might get surprised (bitter) by the decisions they make when they think you don't care or do not trust your response to their need for help.
4,434,127
2,362,948
1,543,662
1,622,432
3,416,038
The people getting them not understanding how they work yet they close anyway and years from now can lose the house not realizing they had to pay their taxes
1,502,998
4,800,082
1,466,207
3,345,091
3,071,489