The house is completely paid for. He's unable to work and is not yet receiving social sercurity, although the application is being processed. The mortgage companies will finance a reverse mortgage when the applicant reaches 62. Chronologically he is 55, physically the doctors have put him closer to 70 due to his many, many health and mental conditions.
2006-08-28 14:42:37 · 2 answers · asked by Mary M 1 in Business & Finance ➔ Personal Finance
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2006-08-29 13:42:24 · answer #1 · answered by Anonymous · 3⤊ 0⤋
NO!!! don't do this -- PLEASE! These reverse mortgages are a BANE on the existence of our elderly and disabled -- and a PROBLEM that needs a lot of looking at right now!
2006-08-28 16:40:54 · answer #2 · answered by sglmom 7 · 0⤊ 1⤋