Comments on: Reverse mortgages can turn your home’s equity into spending dollars http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/ Retirement Income, Retirement Investing and Retirement Planning Done Right Sat, 21 Nov 2009 02:23:57 +0000 http://wordpress.org/?v=2.6 By: Interest Only Jim http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3162 Interest Only Jim Fri, 30 Oct 2009 07:40:55 +0000 http://www.retirement-income.net/blog/?p=511#comment-3162 Interesting post. I am based in the UK and I have heard of reverse mortgages but didn't really know what they were. Over here, like everywhere, there are going to be problems as the population lives longer and state aid to this ageing population reduces. We have a system called equity release over here, which sounds similar to reverse mortgages. I think it is important to say that we all need to start putting money aside as young as possible for retirement. The longer we leave it the harder it wll be to guarentee a comfortable post-work income! Interesting post. I am based in the UK and I have heard of reverse mortgages but didn’t really know what they were. Over here, like everywhere, there are going to be problems as the population lives longer and state aid to this ageing population reduces. We have a system called equity release over here, which sounds similar to reverse mortgages. I think it is important to say that we all need to start putting money aside as young as possible for retirement. The longer we leave it the harder it wll be to guarentee a comfortable post-work income!

]]> By: Greg- Home Loans http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3157 Greg- Home Loans Thu, 29 Oct 2009 14:47:14 +0000 http://www.retirement-income.net/blog/?p=511#comment-3157 Getting the ownership for home is really attractive for every one with reveres mortgage... Getting the ownership for home is really attractive for every one with reveres mortgage…

]]> By: Guaranteed Forex Strategy http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3144 Guaranteed Forex Strategy Mon, 26 Oct 2009 22:40:41 +0000 http://www.retirement-income.net/blog/?p=511#comment-3144 If you can't afford your normal living expenses is it really wise to raise your debts with another small mortgage payment every month? I think them best option would be to sell your home and find something more affordable. If you can invest the money from the reverse mortgage and make a return great enough to cover the payment and have more left over at the end of the month it is a great idea. If you can’t afford your normal living expenses is it really wise to raise your debts with another small mortgage payment every month?

I think them best option would be to sell your home and find something more affordable.

If you can invest the money from the reverse mortgage and make a return great enough to cover the payment and have more left over at the end of the month it is a great idea.

]]> By: John from Branson Missouri http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3139 John from Branson Missouri Mon, 26 Oct 2009 12:53:32 +0000 http://www.retirement-income.net/blog/?p=511#comment-3139 It may be an option for my parents except my Mom is on Medicaid and I am not sure if they could do both. It may be an option for my parents except my Mom is on Medicaid and I am not sure if they could do both.

]]> By: Geldanlage http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3137 Geldanlage Sun, 25 Oct 2009 20:29:58 +0000 http://www.retirement-income.net/blog/?p=511#comment-3137 I think reverse mortgage can be a really good solution for people who invested all the money in their own home and at retirement the money for daily life is not enough. I think reverse mortgage can be a really good solution for people who invested all the money in their own home and at retirement the money for daily life is not enough.

]]> By: Moda http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3132 Moda Sat, 24 Oct 2009 18:43:07 +0000 http://www.retirement-income.net/blog/?p=511#comment-3132 My mother is thinking of doing a second mortgage in 1 months when she turns 55. The home has a tax lien. How would this impact getting a darn mortgage, if it affects it at all? (possibilities of getting a reverse mortgage) My mother is thinking of doing a second mortgage in 1 months when she turns 55. The home has a tax lien. How would this impact getting a darn mortgage, if it affects it at all? (possibilities of getting a reverse mortgage)

]]> By: Glass http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3128 Glass Fri, 23 Oct 2009 20:48:03 +0000 http://www.retirement-income.net/blog/?p=511#comment-3128 So what happens when the loan has to be repaid? The house just gets sold? So what happens when the loan has to be repaid? The house just gets sold?

]]> By: Seattle Architecture Firm http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3124 Seattle Architecture Firm Fri, 23 Oct 2009 04:07:20 +0000 http://www.retirement-income.net/blog/?p=511#comment-3124 A reverse mortgage can be a great idea if other funds are not available for retirement. There will be a lot of baby boomers who don't have enough to retire, but they may have equity in their home, or even own it outright. So tapping this can allow them to stay in their home and maintain the same lifestyle as before. A reverse mortgage can be a great idea if other funds are not available for retirement. There will be a lot of baby boomers who don’t have enough to retire, but they may have equity in their home, or even own it outright. So tapping this can allow them to stay in their home and maintain the same lifestyle as before.

]]> By: sunny http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3049 sunny Mon, 12 Oct 2009 23:09:37 +0000 http://www.retirement-income.net/blog/?p=511#comment-3049 I think Reverse mortgage is worth the juice. but interest rates are higher so one should take everything in to consideration before going for it. I think Reverse mortgage is worth the juice. but interest rates are higher so one should take everything in to consideration before going for it.

]]> By: Commercial Storage http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3044 Commercial Storage Mon, 12 Oct 2009 15:36:38 +0000 http://www.retirement-income.net/blog/?p=511#comment-3044 I couldn't agree with reverse mortgage, its like digging yourself another hole, with this you might end loosing your property.. I couldn’t agree with reverse mortgage, its like digging yourself another hole, with this you might end loosing your property..

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