Tuesday, September 11, 2007

Helping out seniors: Reverse mortgages being used to escape toxic home loans and lines of credit (South Bend Tribune)

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.

Read More...

[Source: Yahoo! News Search Results for mortgages]

No comments: