reverse mortgages

reverse mortgages are a scam IMO,….they came out in the UK years ago, and forced many pensioners onto the street. take in to account him living longer than the equity in the home will last, generally the interest will eat up the rest of the equity anyway, becoz you dont have to make repayments on most of those kind of LOANS, buyer beware i say…better off looking at investments or something, he worked to pay for the home, most likely to the brokers and banks profits and now the banks are trying to take back what after 30+ years of slugging away at the mortgage balances finally has become the only asset he has left. profiteering and extremely unethical, dont be fooled by the benifits….but yea if it was my fathers house, id want to keep it…lots of different options, he could sell it for something smaller and invest the rest of money in a modest return, its an equity loan, why would they give you money for nothing? too good to be true usually is…