Someone is being offered a reverse
mortgage of $350-500/mo at 62
for a house worth $180-280k.

FV(7%,30,0,180)=-$1,370.21 => PMT(7%,30,,1370,1)/12=1.12 FV(7%,30,0,280)=-$2,131.43 => PMT(7%,30,,2131,1)/12=1.76

Spozably 2/3 of the value is eaten up by interest
and the owner only gets paid 1/3?



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Vasos Panagiotopoulos panix.com/~vjp2/vasos.htm
---{Nothing herein constitutes advice. Everything fully disclaimed.}---

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