Reverse Mortgage Nightmare, Part 1 of 5

I was supposed to get $152,000 on my condo. I wanted to pay the closing costs out of my pocket because otherwise, they were going to take 6% interest compounded on the $15,000 closing costs every year. Instead of losing money, I wanted to get the growth rate of 4.5% for not using the money for ten years. They would not let me do it. They wanted to force me into debt at 6% interest compounded. That's why I did this video.