Reverse Mortgage

MissLou asked: I would like to do this paper on reverse mortgages. espressing my feelings about how seniors feel about this type of loan and how it effects their surviors.Content for WordPress

thatsme:) asked: If Tracy wanted to buy a house for $225000 with a 15% down payment and a 5.2% interest rate compounded monthly over 20 years..what would her payments be? I am using a formula like this right now: A^n=P(1+r)^n-PMT [(1+r)^n/r] With my numbers I should have A^240=191250(1+0.052/12)^240 – PMT [(1+0.052/12)^240) / 0.052/12 Great..but what [...]