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View Diary: Reverse mortgages: The final blow killing middle class wealth (223 comments)

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  •  If the reverse mortgage is taken (2+ / 0-)
    Recommended by:
    musiccitymollie, Dvalkure

    as a line of credit, that line of untapped credit is not considered, by Medicaid, to be an asset.
    If the person takes a monthly payment, spends some of it and banks the rest, those savings will be regarded as assets.

    The next time I see some pundit claim that John Roberts is a moderate who wants to preserve the SCOTUS' legitimacy in the eyes of the public I am going to freaking scream.

    by jazzmaniac on Sun Aug 18, 2013 at 08:28:57 PM PDT

    [ Parent ]

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