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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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