Originally Posted by
Baa_Baa
I though it was very light on the important issues of, costs of the loan, what if you live too long and erode the whole home equity, how to get out of the loan, treatment of residual equity etc. I agree with an earlier comment about preying on the vulnerabilities of the elderly, though I wonder how many of them are the target audience. It wouldn't surprise me if many of the legitimate candidates for reverse mortgages have EPA'd their financial affairs and decisions, to the very heirs who will decide whether mummy and daddy's property value goes to them, or the bank.