anyone out there have had experience with reverse mortgages ?

Answer 1

I've checked them out. They are designed for older people who have paid off their mortgages on their property or who are almost paid off. The idea is that the reverse mortgagor "pays" the homeowners monthly, and in doing so, increases his stake in the equity of the property. So when the homeowners die or move, their portion of the property equity is paid off from sale of the property.

Answer 2

Yes, Reverse Mortgages are what I do for work. I'd be pleased to answer any questions you have. Thanks
Stephen
ReverseMortgageSpecialist.com