3 ms·
Sell it and rent. The bank won't even come close to the true value of the home for a reverse mortgage.
by tunetine 9y ago
Sell it and rent. The bank won't even come close to the true value of the home for a reverse mortgage.
- shados 9y agoSelling it means I can't live in it anymore. Renting is the ideal option, but if I'm 85 years old, maintaining a rental property or dealing with property managers would be tricky at best. (My actual goal with my current property is to sell it once I'm having trouble going up the 3 flight of stairs leading to my unit and using the money to live in a much smaller place as people mentionned already)
- DesiLurker 9y agoIMO he meant sell the property and rent for Yourself. invest the proceeds.