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Real Estate & Mortgage Forum > Mortgage Questions & Answers > Ask anything mortgage (Moderator: Ann) > 

Reverse Mortgage, Good or Bad idea?

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Author Topic: Reverse Mortgage, Good or Bad idea?  (Read 214 times)
ajaybali
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« on: July 18, 2010, 11:02:16 PM »
My Parents are in their 70's, have a house worth $100,000 and owe about $50,000. They have heard good things about Reverse Motgages. My initial reaction was "No Way! Don't just give up your house to the bank..." but I wanted more information on the process and if it will help them out...


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