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Personal Finance and Investing

3Hotdogs

(15,262 posts)

2. From what I've read or heard, it's a bad choice for most people. If you outlive the term of the mortgage, you may lose

Reply to Bayard (Original post)

Mon Mar 2, 2026, 12:50 AM

Yesterday

your house. If you are having trouble keeping up with the expense of running the house, consider selling it instead.

The only time I would consider a reverse is if I were given a terminal diagnosis.

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Reverse Mortgages [View all] Bayard Yesterday OP

We had a neighbor, an elderly gentleman, who apparently did one of those. It was not uncommon alwaysinasnit Yesterday #1

From what I've read or heard, it's a bad choice for most people. If you outlive the term of the mortgage, you may lose 3Hotdogs Yesterday #2

AVOID!!! Lots of articles out there. Grins Yesterday #3

I know a married couple, in their Seventies and Eighties. no_hypocrisy 19 hrs ago #4

They're a GREAT deal--for the mortgage company! lastlib 16 hrs ago #5

Thanks for the input, folks Bayard 14 hrs ago #6