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Reverse Mortgages Help Cure Bad Loans

posted 245 weeks ago on Reverse Mortgage Loan Blog

Using a home equity line of credit, David Casey and his wife Joyce made some much-needed improvements around their house. New carpet. Updated plumbing. But the credit line's interest kept jumping, pushing their monthly payment to nearly $1,000 from $600.A $239,000 reverse mortgage from Generation Mortgage Co. rescued the retired couple from the adjustable-rate credit [...]
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