Who is a good lender to use for a reverse mortgage loan for my dad?
My 83 year old father needs repairs on his home which is paid for. He is on a fixed income and is considering a reverse mortgage. There is no one else living with him and he doesn’t plan to move.
We own our house, & my dad wants to get one. I really don’t want him to mess with the equity of our house. Please, can some one tell me how I can prevent this? I am looking for all the “Worse information I could find” to give him, or put it this way, I am trying to give him a list of really good reasons why he shouldnt’ get one. Thank you all very much!