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 - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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