Everything you said and it GETS WORSE. The reverse mortgage is only for a set time then you get kicked out. The payments are figured from the aunnity tables that say you should die at a certain age then the bank figues it's their house to sell, ata profit of course. If you out live the tables, at today most people do, the bank still wants the house.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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