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Author: DeltaOne81 Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: roll your own reverse mortgage Date: 9/17/2005 9:21 PM
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Not to mention that most annuities are awful deals. Doesn't matter how you get money into an awful deal, it'd still be awful.

The one thing I don't get in that article is *why* you'd want to build your own reverse mortage is the first place. I mean, they talk about lesser choices and everything, but does that actually lead to any problems - i.e. are reverse mortage fees or costs unreasonably high? I know little about reverse mortages, so it's certainly possible, but I would need to be convinced of a problem with reverse mortages first before I spend time, effort, fees, and risk creating my own.
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