M. A. and his retired family still needed to work part time to make payments for a motor home and other expenses. They had money in the bank but wanted to keep it. With a HECM they paid off the motorhome and have quality time to use it with the family. When they pass, their children get the house and the money in the bank/retirement funds, and yes, even a paid-for motorhome.
This is the place to share. Share news, updates and opinions. The reverse is the most misunderstood item in the lending and financial home ownership arena; we need more exchange of ideas.
This area is for questions and, I hope; answers. Please keep the dialogue going in the name of education, and that goes both ways. Please see that I have added two categories from The Educated Retirement show for Nostalgia and Wisdom