No. of Recommendations: 1
... hmmm... if i'm reading this right, if interest just accrues, in 14 yrs, house would have to more than double in value for heirs to 'break even'

If you get a reverse mortgage I think you should assume that your heirs will not get the house when you pass. If values do increase significantly in the future this might not be true, but, I don't think you should consider as a high probability in your plans.

Print the post  


The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.