Sunday, June 1, 2014

Homeowners caught in the complexities of reverse mortgages

Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes — money that need not be paid back until they move out or die — have long posed pitfalls for older borrowers.

An elderly couple trying to hold on to their home thought a reverse mortgage was the answer. Wh...Homeowners caught in the complexities of reverse mortgages

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