Last week CNBC’s Suze Orman was asked about reverse mortgages on her TV show. One of her viewers called to ask if his 85 year old father should consider a reverse mortgage. According to to the viewer, his father has been selling stocks to keep up with maintenance and other larger ticket items but is now considering a reverse mortgages.
The viewer asks, “Is it better for my father to keep unloading stocks or borrower against his kids future?” Yes, the caller said his fathers assets were his future… sad.
What do you think the South Side of Chicago native said? Check out the video.