Cowboy!!! Where are ya????
Dumb a@@ BF wants to get a reverse mortgage on his house he owns. His folks live there for rent couple hundred less than his mortgage payments (dumbA$$ me lets him stay here for janitorial -- pool boy, lawn guy, companion on cruise guy here)
He won't sell the house outright because his folks only pay $535 in rent. Can prob get $250K, owes $41K. Folks are old enough to get medicare/medicade??
I say sell house, supplement medicare/medicade, put them in retirement home with meals, utilities, etc., and supplement them if need be.
He says "can't put folks out, but would love to sell house"
THEN.. the dumb$hit says he would like to take out a Reverse Mortgage!! IF.. in a perfect world we lived, I'd say sell to folks and let them take out the reverse mortgage, but meybe I'm not thinking straight, or maybe I'm just toooooo opposed to taking "free money" that's gonna cost you more in the long run.
Can you please give him some words of wisdom???
All guys won't listen to a girl, but the WILL listen to a guy!!!