I am not able to pay for mortgage

[Claracitta]

I am 63 years old woman. Unfortunately I am not able to pay for mortgage and other living expanse. I looked into a reverse mortgage solution. Does It really help?

[Kathianne]

I am 63 years old woman. Unfortunately I am not able to pay for mortgage and other living expanse. I looked into a reverse mortgage solution. Does It really help?

Probably not a good idea, too expensive a product. You should call your lender and see if you might qualify for some other solution.

I moved your post to the correct forum. Welcome!

[Mr. P]

I am 63 years old woman. Unfortunately I am not able to pay for mortgage and other living expanse. I looked into a reverse mortgage solution. Does It really help?

What's your income and what are the expenses?

Edit ...that's one of the first things I ask anyone inquiring about bankruptcy. Reverse mortgages do work for some folks. There are other options.

[Missileman]

I smell a rat.

[Kathianne]

I smell a rat.

Yeah, I was wondering about the cheese, but didn't find anything untoward.

[Mr. P]

I smell a rat.

Same here.

[Mr. P]

Unfortunately I am not able to pay for mortgage and other living expanse.

But, I have a puter and internet access.

[-Cp]

I am 63 years old woman. Unfortunately I am not able to pay for mortgage and other living expanse. I looked into a reverse mortgage solution. Does It really help?

Why not get a job or sell yer home?

[Mr. P]

Why not get a job or sell yer home?

Could be disabled and a reverse mortgage is essentially the same as a sale.

[namvet]

Why not get a job or sell yer home?

she may be under water. which means the home is worth less than what she owes.

[-Cp]

she may be under water. which means the home is worth less than what she owes.

There are lots of things that are possible, however, she's slim on the details..

[Mr. P]

she may be under water. which means the home is worth less than what she owes.

Interesting though, "she" lists "Man" on the profile. I'm still with the rat smell along with MM.

[Trinity]

hmmm first post......... I smell something...........and it rhymes with swishy

[namvet]

I am 63 years old woman. Unfortunately I am not able to pay for mortgage and other living expanse. I looked into a reverse mortgage solution. Does It really help?

if your really hurtin' ask your mortgage co (or broker) about an interest only mortgage. all you'll pay is the interest and your escrow. we're assuming your alone, the mortgage is in your name only???? also ARM's are coming back down. you'll have to go thru HUD for the reverse.
read this on reverse

[Gaffer]

Not to worry the messiah will pay the mortgage. He promised.