Sunday, September 16, 2007

Reverse mortgages an option for seniors (The Springfield News-Leader)

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.

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[Source: Yahoo! News Search Results for mortgages]

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