Can someone please explain how a reverse mortgage works?

Badweather · 12-14-2013, 11:30 AM

Like... Dumbed down

Ghost1 · 12-14-2013, 11:34 AM

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.

Chyeahhh!!! · 12-14-2013, 12:16 PM

@Hush

Cashius · 12-14-2013, 12:37 PM

I thought Badweather was homeless?

Badweather · 12-14-2013, 12:39 PM

Quote:

Originally Posted by BagcakeBrah

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.

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?

Badweather · 12-14-2013, 12:42 PM

Quote:

Originally Posted by Cashius

I thought Badweather was homeless?

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.

Cashius · 12-14-2013, 12:44 PM

Word. I'm glad things have turned around.

Ghost1 · 12-14-2013, 12:47 PM

do they actually pay u? lmfao

I was just being a douche. I rent

Badweather · 12-14-2013, 12:49 PM

Quote:

Originally Posted by BagcakeBrah

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.

Ghost1 · 12-14-2013, 12:50 PM

lol. don't u fucking guilt me.

Orc · 12-14-2013, 12:57 PM

great help bags

Ghost1 · 12-14-2013, 01:02 PM

LOL

IM SORRY

:(

Strikta · 12-14-2013, 01:07 PM

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?

PancakeBrah · 12-14-2013, 01:08 PM

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.

Ghost1 · 12-14-2013, 01:14 PM

Quote:

Originally Posted by Strikta

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?

he dosnt kno. lol.

Badweather · 12-14-2013, 01:16 PM

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

Split · 12-14-2013, 01:18 PM

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

Badweather · 12-14-2013, 01:22 PM

Quote:

Originally Posted by Split Eight

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

fucking SOLID. Split for President!

Strikta · 12-14-2013, 01:33 PM

Still sounds like bullshit to me.

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

12-14-2013, 11:30 AM	#1
Badweather Chillin' like FUCK!!! Join Date: Jan 2013 Posts: 2,850 Battle Record: 1-1 Rep Power: 0	Can someone please explain how a reverse mortgage works? Like... Dumbed down __________________ Chill Phil My rep hand is NOT WAY strong anymore.

12-14-2013, 12:16 PM	#3
Chyeahhh!!! Saul Paul Join Date: Jan 2013 Location: remote location with a remote weapon station Posts: 6,398 Battle Record: 16-26 Rep Power: 1663351	@Hush __________________ KNOW YOUR MAKER BEFORE YOU'RE MADE TO I know the ledge, his sister's a jumpoff

12-14-2013, 01:08 PM	#14
PancakeBrah SOBER Join Date: Jan 2013 Posts: 12,480 Battle Record: 2-5 Champed - AOWL Season 2 Rep Power: 85899407	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. __________________ Netcees 2025 Revivalist Movement Founder

12-14-2013, 01:16 PM	#16
Badweather Chillin' like FUCK!!! Join Date: Jan 2013 Posts: 2,850 Battle Record: 1-1 Rep Power: 0	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 __________________ Chill Phil My rep hand is NOT WAY strong anymore.

12-14-2013, 01:18 PM	#17
Split . Join Date: Aug 2013 Posts: 8,898 Battle Record: 27-22 Rep Power: 85899399	The neck beards have spoken http://www.reddit.com/r/explainlikei...rse_mortgages/ __________________ http://split8.yolasite.com

12-14-2013, 12:37 PM	#4
Cashius I'M A MONSTER! Join Date: Jan 2013 Posts: 1,555 Battle Record: 77-13 Accomplishments - Hall of Fame Champed - Battle Arena - 1-2 Punch League (2x) - The Quick & The Dead II - BA Swag & Flow Tournament - 1-2 Season 3 - NBL Season 6 - The Elements - Fall Brawl II - Netcees Battle League (4x) - NBL Season 9 - Summer Classic VII - 50+ Wins - The Winter Classic - Tag Team Tourney -1-2 Punch League Rep Power: 20257523	I thought Badweather was homeless?

12-14-2013, 12:44 PM	#7
Cashius I'M A MONSTER! Join Date: Jan 2013 Posts: 1,555 Battle Record: 77-13 Accomplishments - Hall of Fame Champed - Battle Arena - 1-2 Punch League (2x) - The Quick & The Dead II - BA Swag & Flow Tournament - 1-2 Season 3 - NBL Season 6 - The Elements - Fall Brawl II - Netcees Battle League (4x) - NBL Season 9 - Summer Classic VII - 50+ Wins - The Winter Classic - Tag Team Tourney -1-2 Punch League Rep Power: 20257523	Word. I'm glad things have turned around.

12-14-2013, 12:57 PM	#11
Orc Certified Mother’s Boy Join Date: Jan 2013 Posts: 5,163 Battle Record: 5-1 Accomplishments - Hall of Fame Champed - NBL Season 4 - GBL Season 1 - Lyric Olympics - Fight Night LXVI - Fight Night LX - Fight Night (3x) - NBL Picture Roast - Netcees Battle League (8x) - NBL Picture League - Gimmick Battle League - BA Tag Team - 1-2 Punch League - NBL Cypher (3x) - Battle Arena League - OM HOF (2x) Rep Power: 85899393	great help bags

12-14-2013, 01:07 PM	#13
Strikta 39 NS, lost in votes once Join Date: Oct 2001 Posts: 11,242 Battle Record: 32-40 Champed - Time to Kill X - Write Week III Rep Power: 84181452	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?

12-14-2013, 01:33 PM	#19
Strikta 39 NS, lost in votes once Join Date: Oct 2001 Posts: 11,242 Battle Record: 32-40 Champed - Time to Kill X - Write Week III Rep Power: 84181452	Still sounds like bullshit to me. Glad my folks ain't thinking about a reverse mortgage.