Top 24 Reverse Mortgage Quotes
#1. Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.
Charles Duhigg
#2. Unlike other loans, a reverse mortgage doesn't have to be repaid until the borrower moves out of the home or passes away.
Jean Chatzky
#3. A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage balance remaining.
Suze Orman
#4. Cash from a reverse mortgage can be paid out in several ways, including a lump sum, a monthly payment, a line of credit, or a combination of those. If you do not need money right away, it is usually a bad idea to take all the money upfront, since it starts accumulating interest charges immediately.
Charles Duhigg
#5. Lawsuits against reverse mortgage companies, including the nation's largest, Financial Freedom Senior Funding, contend that those firms helped pressure older Americans into bad investments.
Charles Duhigg
#6. It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like stocks or deferred annuities.
Charles Duhigg
#7. While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home.
Suze Orman
#8. If you can't afford the upkeep of your home, it makes no sense to do a reverse mortgage. You will just end up having to sell eventually when you realize you can't afford the home, and whether you have any equity left after the sale depends on the size of the reverse loan that must be settled.
Suze Orman
#9. If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.
Suze Orman
#10. Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.
Charles Duhigg
#11. False encouragement is a kind of theft: it steals time, energy, and motivation a person could put toward some other purpose.
Sam Harris
#12. Slow but sure moves the might of the gods.
Euripides
#13. It's very liberating to be naked in front of a hundred people, but there's nothing sexual about lovemaking on a movie set.
Bill Paxton
#14. I realized the best argentine meat was an appendage best served hot, wet, throbbing, & erect.
5amWriterMan
#15. Libya as a country is a relatively new concept. The period of Libya as a modern nation really starts after World War II.
Elliott Abrams
#16. Oh Ireland my first and only love
Where Christ and Caesar are hand in glove!
James Joyce
#17. How doe we define the energy of thought versus the energy of action.
Meg Rosoff
#18. I queued 24 hours to see Coldplay, at Koko in London, at the start of the X&Y tour.
Ben Lovett
#19. Be genuinely interested in everyone you meet and everyone you meet will be genuinely interested in you
Rasheed Ogunlaru
#20. You're the best in the world, so you deserve those little perks along the way if you can get them.
Samantha Stosur
#21. Defensive and offensive lineman control the game and true sports fans know that.
Dante Hall
#22. I think you should be a child for as long as you can. I have been successful for 74 years being able to do that.
Bob Newhart
#23. A youthful age is desirable, but aged youth is troublesome and grievous.
Chilon Of Sparta
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