Posted by MarkB_MI on July 25, 2013 at 03:08:56 from (75.241.78.52):
In Reply to: OT Rant. posted by LOU from Wi. on July 24, 2013 at 23:48:39:
I'm no fan of reverse mortgages, but they are selling a service for which there is a ready market. Certainly if you plan for retirement you should never need to take out a reverse mortgage, but there are plenty of people who due to poor planning or circumstances beyond their control find themselves with no cash, no income yet significant assets in their home. They may have no living heirs to support them or to inherit their home. Why shouldn't they cash in their house rather than survive on cat food?
I haven't seen the ad you describe. I'd have to watch TV, and I seldom do. Obviously there are plenty of crooks in the mortgage industry, and the reverse mortgage business is no exception.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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