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Give me a larger explanation of reverswe mortgage

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Level 15

R E V E R S W E   M O R T G A G E.


ex-AllStar

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Level 15

R E V E R S W E   M O R T G A G E.


ex-AllStar

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Level 12
I was thinking the same thing.   :smile::smile:
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Level 15
I think I will go stand in the corner.

ex-AllStar
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Level 15

E G A G T R O M   E W S R E V E R


Former Chump... umm.... AllStar.
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Level 15
@earlapplebytax - I suggest you try Google for a *larger* explanation of what a reverse mortgage is, and what the tax consequences are.  
I "assume" you are asking about tax issue, as this IS a forum for professional tax preparers.
Former Chump... umm.... AllStar.
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Level 15
Wilford Brimley
Tom Selleck
Fred Thompson
Henry Winkler
Jerry Orbach
Robert Wagner
David Spade
James Garner
All of these tell me that it is a money maker. I had a friend loose there home to a reverswe mortgage. Definitely a not so good way to spend the kids inheritance.

ex-AllStar
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Alex Trebeck, too

ex-AllStar
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I hate to correct you, but those folks sell reverse mortgages.  I have never seen one of them selling the reverswe kind ---------------- even they have limits as to what they will peddle :open_mouth::open_mouth:
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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