Give me a larger explanation of reverswe mortgage

[George4Tacks · Accepted solution]

R E V E R S W E   M O R T G A G E.

[TaxGuyBill]

I was thinking the same thing.   :smile:

[George4Tacks]

I think I will go stand in the corner.

[abctax55]

E G A G T R O M   E W S R E V E R

[abctax55]

@earlapplebytax - I suggest you try Google for a *larger* explanation of what a reverse mortgage is, and what the tax consequences are.  
I "assume" you are asking about tax issue, as this IS a forum for professional tax preparers.

[George4Tacks]

Wilford Brimley
Tom Selleck
Fred Thompson
Henry Winkler
Jerry Orbach
Robert Wagner
David Spade
James Garner
All of these tell me that it is a money maker. I had a friend loose there home to a reverswe mortgage. Definitely a not so good way to spend the kids inheritance.

[sjrcpa]

Alex Trebeck, too

[IRonMaN]

I hate to correct you, but those folks sell reverse mortgages.  I have never seen one of them selling the reverswe kind ---------------- even they have limits as to what they will peddle :open_mouth: