Home |
Search |
Today's Posts |
#11
|
|||
|
|||
Well, of course there is no such thing as a simple one sentence answer in
these regards. Specific details would have to be investigated for each person. In my old man's case..... he feels it is a good deal. And the funds that he would be recieving would go to his investments which would yield a better dividend to him, and if things get really hairy, he can always utilize those funds for care. Again, not the same for others. -- Ryan KC8PMX "Why is it one careless match can start a forest fire, but it takes a whole box to start a barbecue?" But there are certain things to check very carefully. For example, what interest rate is used and what are the tax ramifications? What happens if, heaven forbid, you dad signs the papers and passes away a few days/weeks/months later? Or, what about just the opposite, if he outlives the mortgage? (I know a 93-year-old still active and living alone in his own, paid-off house). There's also the issue of what happens if he has to go into a nursing home-type situation somewhere down the road. 73 de Jim, N2EY |
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 |