Dick, I thought the same thing. I have a friend who needed money to help out one of his kids. He had no savings but did have his home clear. He looked into refinance but he was going to have to make payments which would have been tough on fixed retirement. It also put him or her in danger of losing home when one of them dies with only 1 SS check. So he looked into reverse mortgage. He got the money, no payments, and can live in the house until who ever dies last, him or wife. Sounds like a pretty good deal to me. Now, should he have done that for the kid is a whole nother story?????
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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