These are very expensive loans.
If your house was paid off and worth $200,000, would you agree to sell it to me for $100,000? No? Then why would you agree to do it if someone called it a reverse mortgage?
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These are very expensive loans.
If your house was paid off and worth $200,000, would you agree to sell it to me for $100,000? No? Then why would you agree to do it if someone called it a reverse mortgage?