and insurances (health, auto and house) which leaves me very little to live on.so my dilema is should I go for a reverse mortgage or sell my house outrightThank you for any help that you give.I appreciate the help.
A Reverse Mortgage (or lifetime mortgage) is a loan available to seniors, and is used to release the home equity in the property as one lump sum or multiple paymentsThe homeowner’s obligation to repay the loan is deferred until the owner dies, the home is sold, or the owner leaves (e.g., into aged care)A reverse mortgage is analogous to an annuity where the principal and interest are paid with homeowner’s equity.
if they are used for the human body they would likely be softNo manufacturer would make hard, uncomfortable blankets for peopleHe is concerned for sales and profit and wants to sell his productHe is therefore obliged to make a comfortable productIf he doesnt, then some competitor will produce one that is.
