3 ms·

The loan is paid back by your heirs selling the house after you die.

• sethammons 3y ago
  That loan has to be serviced and a loan company will want to take on that risk. So you are saying that old people should be forced into a reverse mortgage solution? How is that helping anything other than the mortgage industry?
  • wmf 3y ago
    Pay your taxes or move.
  • rcpt 3y ago
    The California Tax Postponement Program exists if you are distrustful of the banks. It predates Prop 13.
    • sethammons 3y ago
      Which you are excluded from if you make over $52k per year. Only choice left after that is blinding oneself.