seniors loan officer dadae county broward county: Reverse Mortgages; the one thing everybody knows...maybe
- 10/10/18 06:03 AM
Okay, so what's the one thing everybody knows about reverse mortgages?
you don't have to make any monthly payments, right? ever, correct?
but you also know that you can if you want, right?
So,
No MONTHLY PAYMENTS
that's pretty cool, so what does that mean? what's the impact?
well, if your principle and interest payment would be $1,000 a month, with a reverse mortgage you'd have an extra $12,000 per year in residual income that you would not have. that's $120,000 over the next 10 years.
that's just math. now do you want the $$$? what would you do with it? do you think you'll need it?
and that's … (0 comments)
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Okay, so what's the one thing everybody knows about reverse mortgages?
;)
;)
;)
