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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="BobBarker" data-source="post: 1327996" data-attributes="member: 5775"><p>I thought on a reverse mortgage the company was betting against your untimely demise. If you make it to 100, you probably will have been paid back all of you equity plus some, and the reverse mortgage company will take a loss once they take possession and sell the house. Is that correct?</p></blockquote><p></p>
[QUOTE="BobBarker, post: 1327996, member: 5775"] I thought on a reverse mortgage the company was betting against your untimely demise. If you make it to 100, you probably will have been paid back all of you equity plus some, and the reverse mortgage company will take a loss once they take possession and sell the house. Is that correct? [/QUOTE]
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