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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="MaddSkillz" data-source="post: 1328331" data-attributes="member: 1159"><p>HUD and FHA are involved. And I guess I don't follow the rest of what you're stating about profit-margins.</p><p></p><p> </p><p></p><p>You can put the rest in the growing line of credit so it grows over time. </p><p></p><p></p><p>The heirs have a year to determine what to do with the home after the senior passes or moves out.</p><p></p><p></p><p></p><p>I really don't know what you're getting at but that's as fair an assessment of me not purchasing a blender because I could somehow step in it while it's on the counter and chop my foot up.</p></blockquote><p></p>
[QUOTE="MaddSkillz, post: 1328331, member: 1159"] HUD and FHA are involved. And I guess I don't follow the rest of what you're stating about profit-margins. You can put the rest in the growing line of credit so it grows over time. The heirs have a year to determine what to do with the home after the senior passes or moves out. I really don't know what you're getting at but that's as fair an assessment of me not purchasing a blender because I could somehow step in it while it's on the counter and chop my foot up. [/QUOTE]
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