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Reverse mortgage and incurable illness

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debi_murray Joined: 18 Aug 2010 Posts: 2 1.00 Dollars($)	Posted: Thu Aug 19, 2010 3:43 pm    Post subject: Reverse mortgage and incurable illness Like 0 Dislike 0 Thank you to Sussane? for her answer to my first question. BUT I have more.....What can i do if I am not able to find work because of the seven life threatening illnesses that plague me. I am 59; and very ill. This home is all I have. It was put in Reverse mortgage by my older brother(who moles. me when I was eight, lives on a 650,000.00 boat in NC. and could care less what happens to me) Pretty sad........anyway. I am very upset; my doctors are here, this home is where I am comfortable, I am not sure how long I will survive, but I would like to do it in my home. The more and longer I don't know,the more ill I become. More info please THNX Debi.
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Thu Aug 19, 2010 8:47 pm    Post subject: Like 0 Dislike 0 Welcome debi, The best part of reverse mortgage is that you won't have to make monthly payments for it. Once you turn 62, you can refinance it in your name and you can receive the reverse mortgage proceeds through monthly installments which will help you in managing your everyday needs. _________________ Procrastination is the enemy of your financial success

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