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Author: lmbnavy66 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77082  
Subject: Reverse Mortgages Date: 7/5/2000 3:57 PM
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I have a couple of questions for TMF Pixy or anyone else who can help.

I checked out www.reverse.org website as recommended in today's Fools & Retirement article. The website added considerably to David's article.

I played with the reverse mortgage calculator and came up with some confusing results: for a mortgage above about $200,000, the monthly payout remained the same no matter what amount I entered.

This begs a question which does not show up in the website FAQs; namely, is there a limit on the amount of a reverse mortgage?

Another question popped into my head after reading David's article: under what circumstance(s) would it make sense to liquidate other financial assets in order to pay off a mortgage at age 62 and then receive income from a reverse mortgage? For the life of me, I can't see why I might do this.

Thanks in advance for the help.

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