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Steadfast...
Picture of Gus Rodgers
Posted
Bob Dole is to Viagra as

Fred Thompson is to Reverse Mortgages
 
Posts: 16213 | Location: Dacron, Ohio | Mbr Since: 05-19-2004Reply With QuoteReport This Post
Aavid
Posted Hide Post
Recliners.


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whyisit
 
Posts: 27191 | Location: West Coast | Mbr Since: 10-16-2003Reply With QuoteReport This Post
Aavid
Picture of Harpy Bane
Posted Hide Post
LOL!   :lol:


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“I’m not familiar precisely with exactly what I said, but I stand by what I said, whatever it was.”
---Willard
 
Posts: 26117 | Location: Minnesanapolis, Minnesnowta | Mbr Since: 11-14-2003Reply With QuoteReport This Post
Never goes away...
Picture of Zoot House
Posted Hide Post
quote:
Bob Dole is to Viagra as

Fred Thompson is to



Makeup


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"There is almost artistic vulgarity in Gingrich's unrepented role as a hired larynx for interests profiting from such government follies as ethanol and cheap mortgages" -- George Will
Scared   :scared:
 
Posts: 13994 | Location: A streetcar named desire | Mbr Since: 11-06-2008Reply With QuoteReport This Post
Aavid
Picture of Lynn Dee
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My first thought was Sominex, but then I realized I was totally abusing the analogy. So, if Bob Dole needs (apparently) viagra, I guess Fred Thompson needs... amphetamines? Coffee? Jolt cola?


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“What a shame that time passes, don’t you think? What a shame that we die, and get old, and everything good goes galloping away and leaves us behind.” From Roberto Bolaño's The Savage Detectives
"The knowledge of impermanence that haunts our days is their very fragrance." Rainer Maria Rilke
 
Posts: 26259 | Location: SoCal by the Mall | Mbr Since: 10-06-2003Reply With QuoteReport This Post
Devoted...
Picture of tenderfootsquest
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I wish Fred was not halwkin reverse mortgages. It's another way banks take advantage of people and steal their wealth.

If a person has a lot of equity in their home, cash it out,take out a term life policy that pays the liens when you die, make payments until you die and leave the house to your kids and don't let the bank steal your home.


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Has anyone seen Schrodinger?
~~~~~~~
History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower
~~~~
Praise be to the LORD my Rock,
who trains my hands for war,
my fingers for battle.
Psalm 144 verse 1
 
Posts: 5834 | Location: Was coughed by accident upon this foreign beach, now home. I think I'll get my Florida on. | Mbr Since: 11-02-2009Reply With QuoteReport This Post
Aavid
Posted Hide Post
Is jolt still around?

quote:
Originally posted by Lynn Dee:
My first thought was Sominex, but then I realized I was totally abusing the analogy. So, if Bob Dole needs (apparently) viagra, I guess Fred Thompson needs... amphetamines? Coffee? Jolt cola?


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whyisit
 
Posts: 27191 | Location: West Coast | Mbr Since: 10-16-2003Reply With QuoteReport This Post
Steadfast...
Picture of Gus Rodgers
Posted Hide Post
quote:
Originally posted by tenderfootsquest:
I wish Fred was not halwkin reverse mortgages. It's another way banks take advantage of people and steal their wealth.

If a person has a lot of equity in their home, cash it out,take out a term life policy that pays the liens when you die, make payments until you die and leave the house to your kids and don't let the bank steal your home.
There ya go, reverse mortgages is the correct answer.


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Don't Say Gay Bush.

Say "Obama's Predecessor," if you absolutely have to.
 
Posts: 16213 | Location: Dacron, Ohio | Mbr Since: 05-19-2004Reply With QuoteReport This Post
Devoted...
Picture of tenderfootsquest
Posted Hide Post
They are bad, bad instruments and this is one instance where regulation of the industry needs expansion. Folks are being hustled.

BTW, the trick to what I was trying to exp[lain above is they use the large equity payment to make the loan payments leaving the large equity chunk for other needs. And when they pass, the insurance policy pays what remains on the equity lein and the property can still be passed on to heirs.


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Has anyone seen Schrodinger?
~~~~~~~
History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower
~~~~
Praise be to the LORD my Rock,
who trains my hands for war,
my fingers for battle.
Psalm 144 verse 1
 
Posts: 5834 | Location: Was coughed by accident upon this foreign beach, now home. I think I'll get my Florida on. | Mbr Since: 11-02-2009Reply With QuoteReport This Post
Steadfast...
Picture of Gus Rodgers
Posted Hide Post
quote:
Originally posted by tenderfootsquest:
They are bad, bad instruments and this is one instance where regulation of the industry needs expansion. Folks are being hustled.

BTW, the trick to what I was trying to exp[lain above is they use the large equity payment to make the loan payments leaving the large equity chunk for other needs. And when they pass, the insurance policy pays what remains on the equity lein and the property can still be passed on to heirs.
Evidently the reverse mortgages are much more common in Florida than they are here, which would make perfect sense. But what I don't understand about your idea is how you buy the life insurance policy with a reasonable premium if you're already 75 years old.


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Don't Say Gay Bush.

Say "Obama's Predecessor," if you absolutely have to.
 
Posts: 16213 | Location: Dacron, Ohio | Mbr Since: 05-19-2004Reply With QuoteReport This Post
Devoted...
Picture of tenderfootsquest
Posted Hide Post
All one needs do is buy a decreasing term policy naming the lien holder as beneficiary.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Has anyone seen Schrodinger?
~~~~~~~
History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower
~~~~
Praise be to the LORD my Rock,
who trains my hands for war,
my fingers for battle.
Psalm 144 verse 1
 
Posts: 5834 | Location: Was coughed by accident upon this foreign beach, now home. I think I'll get my Florida on. | Mbr Since: 11-02-2009Reply With QuoteReport This Post
Never goes away...
Picture of Jkat
Posted Hide Post
that's damn innovative mr. footz .. you keep this up and i'll put a "sir" in there every onc't in a while .. eh ??

point to mr. footz ..


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~~~~Jkat~~~~
"the time has come" the walrus said "to speak of many things ..of ships and shoes and sealing wax .. of cabbages and kings..."

"if life is giving you MELONS you might be dyslexic"

 
Posts: 10343 | Location: infamous texas "native son" ..  | Mbr Since: 03-19-2007Reply With QuoteReport This Post
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