I don't think so, Ringo.
Hey, I didn't say we wanted to adopt anyone, just that the RM may be great for someone like us. (We might consider adoption if you send us your financial statement and a new car first).
We have great credit, wife has good income, I have good retirement income. But we could always use more.
So why not suck as much of the equity out of the house as we can. Spend it like drunken sailors and let whomever we leave our home to either pay the RM off, or hope the house brings enough over the RM to give him/her some free money?
Why, I ask, do we care what the fees are? We ain't paying nuttin-we are just taking.
We get the money, no one asks us to pay one nickel back.
Of course if we didn't like the house, we'd be better off selling it, but then we'd have to move, find another house, etc.
With a RM we just get money, and have to stay in the house till we die. That's been kind of our plan all along.
Bob
