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Joined: Feb 2009
Posts: 16,248
Campfire Ranger
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Campfire Ranger
Joined: Feb 2009
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I loved him in T.J. Hooker. Wrong series dummy. It was Streets of San Fransisco.
Epstein didn't kill himself.
"Play Cinnamon Girl you Sonuvabitch!"
Biden didn't win the election.
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Joined: Jan 2008
Posts: 15,753 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,753 Likes: 1 |
The reverse mortgage thing is less of a big deal than it's made out to be. It's a product like any other and if you choose to sell them your house then do it. If not don't.
Its just like annuities. Sometimes its a perfect fit and sometimes it's a very bad idea. But people here who know nothing about them spend their time posting inaccurate info trying to be clever.
If someone is taking advantage of an elderly person they are a [bleep]. But it's not Tom selleck's job to meet with every client.
Doesn't make him a bad dude.
Last edited by mjbgalt; 05/22/20.
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Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2018
Posts: 10,143 Likes: 4 |
He could just be invested in the company. I've heard reverse mortgages aren't a good idea for most cases, but I don't know enough to know if that's true.
Last edited by reivertom; 05/22/20.
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Joined: Feb 2009
Posts: 16,248
Campfire Ranger
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Campfire Ranger
Joined: Feb 2009
Posts: 16,248 |
The reverse mortgage thing is less of a big deal than it's made out to be. It's a product like any other and if you choose to sell them your house then do it. If not don't.
Its just like annuities. Thank you SafariMan!
Epstein didn't kill himself.
"Play Cinnamon Girl you Sonuvabitch!"
Biden didn't win the election.
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Joined: Jan 2008
Posts: 15,753 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,753 Likes: 1 |
Good example of someone trying to be clever who knows nothing about the subject.
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,753 Likes: 1 |
Went right for that bait.
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Joined: Feb 2009
Posts: 16,248
Campfire Ranger
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Campfire Ranger
Joined: Feb 2009
Posts: 16,248 |
Epstein didn't kill himself.
"Play Cinnamon Girl you Sonuvabitch!"
Biden didn't win the election.
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Joined: Dec 2011
Posts: 1,041
Campfire Regular
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Campfire Regular
Joined: Dec 2011
Posts: 1,041 |
For some retirees who need money and want to stay in their home, reverse mortgage can be a dream. Fred Thompson used to advertise them. Some heirs may not like the idea, but it's the parents money to do as they wish, and they should take care of themselves first. A decent retirement home is 5-10k/month and a reverse mortgage is a great deal compared to that if it let's them stay in the home longer.
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Posts: 15,753 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,753 Likes: 1 |
I edited out a spelling error. Unlike you i don't want to look uneducated in public.
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Posts: 6,931
Campfire Tracker
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Campfire Tracker
Joined: Dec 2008
Posts: 6,931 |
That was a bit weak. Even go so far as to say, "swing and a miss"
Montana MOFO
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Campfire Regular
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Campfire Regular
Joined: Aug 2019
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If your nest egg runs out, you gotta do what ya gotta do. SS isnt a ton of $$, might as well utilize what you got and keep on living.
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Campfire Member
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Campfire Member
Joined: Dec 2004
Posts: 202 |
What, When did Selleck die.
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Campfire Ranger
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Campfire Ranger
Joined: Feb 2009
Posts: 16,248 |
Whoa!
Lots of Rockford Files fans here.
Epstein didn't kill himself.
"Play Cinnamon Girl you Sonuvabitch!"
Biden didn't win the election.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
For some retirees who need money and want to stay in their home, reverse mortgage can be a dream. Fred Thompson used to advertise them. Some heirs may not like the idea, but it's the parents money to do as they wish, and they should take care of themselves first. A decent retirement home is 5-10k/month and a reverse mortgage is a great deal compared to that if it let's them stay in the home longer. I don’t know of anyone who’s parent (s) has taken one these reverse mortgages . I wonder what the terms are and what expenses are involved in them ?
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Posts: 15,753 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,753 Likes: 1 |
Most people would be better off NOT doing the reverse mortgage. But like any other contract, if it fits your situation then maybe it's an option.
Just nice for people who don't know a thing about it to call names and try to sound superior.
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,753 Likes: 1 |
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Joined: Jan 2008
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,753 Likes: 1 |
In general...most buy your house back from you at X dollars a month until the amount you agreed upon is paid. Then they own the home and depending on the contract you either live there for free until going into a nursing home or dying. Or you rent it from them for a small amount until one of those things happens.
Like i said...only if it fits your situation. Otherwise its a horrible idea.
Selleck isn't selling a scam. If it was always bad Like genius boy add says...then how would it be legal and how would it be an accepted product
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2008
Posts: 15,753 Likes: 1 |
Before changing industries, I was a licensed financial planner with a lot of classes and studying behind me. So at least I cared enough to educate myself on something my clients asked advice about. Unlike name caller boy there.
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Posts: 2,653
Campfire Regular
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Campfire Regular
Joined: Jan 2019
Posts: 2,653 |
Dude is a great actor...beyond that...wgaf
GOD Bless America
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Joined: Feb 2009
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Campfire Ranger
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Campfire Ranger
Joined: Feb 2009
Posts: 16,248 |
Before changing industries, I was a licensed financial planner with a lot of classes and studying behind me. So at least I cared enough to educate myself on something my clients asked advice about. Unlike name caller boy there. lol... keep on posting. What is your interest here?
Epstein didn't kill himself.
"Play Cinnamon Girl you Sonuvabitch!"
Biden didn't win the election.
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