Tuesday, June 17, 2014

Homeownership, reverse mortgages and death

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.

My father has a reverse mortgage on his home. The value of properties in his neighborhood has increased since he took the rever...Homeownership, reverse mortgages and death

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