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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="BadgeBunny" data-source="post: 1328780" data-attributes="member: 1242"><p>You might make sure she knows that even if she doesn't have the house payment my understanding from what I have read is she will still be responsible for the insurance and property taxes. Also the maintenance will still be her responsibility.</p><p></p><p>While MaddSkillz may be right and this may be a viable option for some, depending on what they need the money for, I just happen to believe that there has got to be a better way to find the security she seeks.</p><p></p><p>Also, while it doesn't affect your Social Security benefits it may affect future Medicaid benefits. AND whose to say the .gov won't change the rules on any of this anyway ... anything the .gov has a hand in has a way of being awfully "fluid" anymore ...</p></blockquote><p></p>
[QUOTE="BadgeBunny, post: 1328780, member: 1242"] You might make sure she knows that even if she doesn't have the house payment my understanding from what I have read is she will still be responsible for the insurance and property taxes. Also the maintenance will still be her responsibility. While MaddSkillz may be right and this may be a viable option for some, depending on what they need the money for, I just happen to believe that there has got to be a better way to find the security she seeks. Also, while it doesn't affect your Social Security benefits it may affect future Medicaid benefits. AND whose to say the .gov won't change the rules on any of this anyway ... anything the .gov has a hand in has a way of being awfully "fluid" anymore ... [/QUOTE]
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