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Reply to "Reverse Mortgages"
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[quote=Anonymous][quote=Anonymous]It's a reasonable option for older people on fixed incomes to get additional money each month without having to sell their home. But in general I think more sophisticated investors would have more options.[/quote] This is it - it's an OK option (i) for a small set of older people, (ii) as long as everything goes as planned. How often does that happen, though? Also, it often removes a significant asset (sometimes the only asset) from an estate, so heirs don't like it. That's a separate issue, though, from whether it's a good idea for the owners. [/quote]
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