Can someone please explain how a reverse mortgage works?
 

Like... Dumbed down

They pay you for the house.

Duh.

Its a reverse.mortgage.

The mortgage company owes u the.money nigga.

First time homeowner huh?

Youll figure it out bruh bruh.

@Hush

I thought Badweather was homeless?

nah, i just don't understand how they pay you but you keep the house. that doesn't make sense. once they pay you all the money, they can evict your ass right?

before a little over a year ago, i didn't have a stable living situation. i was couch surfing, basement dwelling, and guest room grindin'.

it's still a valid joke around here though, depending on how you flip it.

Word. I'm glad things have turned around.

do they actually pay u? lmfao

I was just being a douche. I rent

of course. well, i can honestly say you haven't let me down bro. do what you do.

lol. don't u fucking guilt me.

great help bags

LOL

IM SORRY

:(

I'm confused as to what this shit is too.

The old dude from that one show be doing commercials pressing niggas to get a reverse mortgage.. like "this is what u absolutely need to do, call this number RIGHT NOW".. fuck allat.

How does it work tho?

If there are commercials like that for it you should avoid it all costs lol. They're not making commercials to help you out.

I work at a bank. Have no idea what that shit is.

he dosnt kno. lol.

Well, I find comfort in knowing i'm not the only one who doesn't get this shit.


I'm gonna google the fuck out of this topic and try to share what I learn

The neck beards have spoken http://www.reddit.com/r/explainlikei...rse_mortgages/

fucking SOLID. Split for President!

Still sounds like bullshit to me.

Glad my folks ain't thinking about a reverse mortgage.