What does /biz/ think of reverse mortgages? I'm considering

>>1100004
I would rather inherit a fully paid house than one with liens on it senpai

>>1100010
>thinking you inherit the house
oh boy

>>1100013
>not leaving your property to your children

it's like you want them to be poor

>>1100013
if that is the case then I don't give a shit

reverse mortgages are pretty much the same as home equity loans anyway

>>1100019
>>1100020
That's how a reverse mortgage works. You know how they say you even get to live in your home? That applies to your parents, not you.

What are some disadvantages?

>>1100088
>grammy dies
>leaves the house to you
>you either pay the loan or sell it

>>1100088
That you're getting ripped off.

Take it from someone in the field, anything related to a loan is guaranteed to rip you off. That's how we make money.

I think they're a bad idea