Detailed text transcripts for TV channel - CNN - 20110415:19:46:00
Should i do it? >> well, donna, first, should she and how? >> well, reverse mortgages are a red flag is when you take a loan out on your house, but the bank pays you for the loan and that you repay it so you will get income over time, which is a good benefit if you are on a fixed income and you don't plan to leave the house to your children or other heirs. so it can make sense for some folks, but it does not always make sense. they are complex loans and they cost a lot of money and fees and not everyone understands them. but there is some help out there, because there are reverse mortgage coun...