On 27 Dec 2011 00:58:16 GMT, Han wrote:

Larry Jaques wrote in
:

I'll bet that you'd pee your pants if you found out what he was paid
for those spots. (I'm guessing a whole lot.)

Freddie should pee in his pants, I am not going to grin. I would bet it
is more than my monthly retirement for sure. Which makes it only difficult
to justify for the mortgage company

Define "awful reverse mortgages" for me, please. Or are you referring
to one of many scams that are out there for regular and reverse
mortgages?

Tell me which reverse mortgages are a good deal. I indeed think many if
not all are scams of one kind or another. This one surely is aimed at
elderly who are afraid to be without money and likely easy targets. Seems
to me that a second mortgage wisely invested or a HELOC would be a better
deal.

Utter nonsense. A HELOC doesn't guarantee that they can keep their home until
they die. It's a completely different deal. A reverse mortgage can be a very
good deal for some seniors.