Re: best way to maximize reverse mortgage pay out - Posted by John Corey
Posted by John Corey on May 23, 2006 at 13:47:42:
I am not expert on the topic. I have done some recent research.
There are a lot of variables concerning your life expectancy and other such things. There is also some estate planning issues related to what you expect to happen after you die and if you should need long term residential care. Hence the right answer for one person might not be the right answer for a different person.
Go to http://www.hud.gov/ and then on the search menu for the HUD site (search just the site) put in reverse mortgage. You will find a number of details. Some of the info was produced with the AARP.
I will do some more reading and see if I can spot any obvious answers or ways to view your questions.