Home |
Search |
Today's Posts |
#11
|
|||
|
|||
"Mike Coslo" wrote in message ... Ryan, KC8PMX wrote: Actually Jim, I think the things I am gonna mention are what are called reverse mortgages. My dad (going on 68) is contemplating taking both of his residences and reverse mortgaging them. Apparently the bank gives him money ahead of time for the value of the house (a little less than market value) and upon his death, the property is immediately transferred to the mortgage company. I may be a little bit off on the explanation but it is kinda my understanding of how it works. I guess this way he gets the opportunity to enjoy the money/value of the residences now, while he is still alive, as opposed to leaving it to my sister and I. Trust me, that is a better solution. - Mike KB3EIA - Reffering to the old man leaving money to the kids, versus enjoying it now?? He stated a long time ago, that my sister gets everything! Don't really care as long as he doesn't leave expenses we might be liable for. I have actually provided for myself since I moved out after I turned 18. Now if others want to leave me in their will, that is just fine HIHI! -- Ryan KC8PMX "All of us could take a lesson from the weather. It pays no attention to criticism." |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
FS Large Lot of NEW NOS Tubes | Homebrew | |||
FS Large LOT Of NEW Tubes | Boatanchors | |||
FS Large Lot of NEW NOS Tubes | Homebrew | |||
FS Large Lot of NEW NOS Tubes | Homebrew | |||
FS Large Lot of NEW NOS Tubes | Homebrew |