I'm thinking of doing a "reverse mortgage". Pro's and Con's anyone??

Answer 1

i think it is a great way for seniors to have extra sure income monthly to cover the nice things that they deserve in the senior years == heck with the children -- they were raise let them fend for themselves!!!

Answer 2

It all depends on how your home is owned and who stands to inherit when the unavoidable happens. Whoever inherits will be liable for the debt incurred under your reverse mortgage. That could be considerable.

In California at least, your house has to be completely up to code for you to qualify for a reverse mortgage.

It would be a very good idea to talk with a banker and ask him/her your question.

Answer 3

i do no longer think of being the "Senior electorate" of wrestling is an exceptionally stable popularity. no remember if it truly is, then why does TNA get lots warmth for it? a significant con in WWE good now's no one is being pushed heavily, and the oldtimers are crowding the foremost journey. As on your cons, if we supply up cheering Hornswaggle, and supply up gazing his shenannigans, they're going to offer up reserving him. As for the open-ended storylines, a majority of them have been ended through unkayfabe motives. Kristal has been fired, so fat danger provided that storyline play out, and admittedly, i'd truly forget it than see it take in from now on television time. The Balls/Miz/Kelly storyline's nonetheless going. Miz is presently punishing Kelly with matchup after matchup, and the Knox/Punk perspective became broken because of the fact Knox frankly sucks as an in-ring competitor, and had to flow back to progression. The Tag group branch is Nonexistant. we've hodgepodged tag champion alliances on the helm of the two manufacturers, Cryme Time is long previous, Londrick under no circumstances gets airtime anymore, the Highlanders are a humorous tale, and Cade and Murdoch seem unworthy to squash Bob Holly, which, frankly, blows my ephin' ideas! WWE additionally lacks cruiserweight branch, the recent Age Clique's working the in the back of the scenes, and WWE's too fascinated in making an investment writers into action picture scripts, curiously, than to actual concentration on their significant product, WRESTLING! professional's: they try to clean up the roster (albeit biased performs a huge hand) they try to re-construct the female's branch by using education Diva seek skanks and Kelly Kelly to attempt against Jericho's back

Answer 4

Pros- steady income

cons- home won't be passed on to children, will have to find somewhere to live if you live longer than you expect

there's not much downside to it really. I'm sure most people would make living arrangements before the time expired. You could move into a nursing home from jump and pay for it with the payments.