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-   -   Reverse mortgage as a borrowing option (https://www.quiltingboard.com/general-chit-chat-non-quilting-talk-f7/reverse-mortgage-borrowing-option-t234969.html)

Debbie C 11-20-2013 04:44 PM

Please stay clear of reverse mortgages...the only one who makes out is the bank!!!

Melinda in Tulsa 11-20-2013 08:51 PM


Originally Posted by marla (Post 6413297)
I've seen the guy who they use from the ads. I can't remember his name but probably is his only income--low grade actor. He doesn't care cuz he gets big bucks for doing the ad. Just show you his true character.


LOL, I believe the "low grade actor" you are referring to is Fred Thompson. Former long time Congressman from Tennessee, turned actor. Starred on Law and Order for many years. Has a good resume as an actor. Perfect job for a politician! Lying/acting comes very natural to them! LMAO! 😝😝😝😝😝

cricket_iscute 11-20-2013 10:47 PM

My banker warned me against Reverse Mortgages. He is a loan officer with Bank of America, and said they no longer carry RMs. He said there are a lot of things hidden in the small print and that, with many of the companies and banks out there doing RMs, there are problems and some are ethical problems.

nativetexan 11-21-2013 07:13 AM

I just wish the 102 year old gentleman who just sold one coin from his coin collection for 2 million dollars would put me in his Will. he doesn't need an RM.


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