Interest hikes not the end of the line
Story date: 2007-11-09 03:55:00
Added on: 2007-11-12 07:00:19
The Australian - Look for lenders that offer reverse mortgages with a "no negative equity" pledge, which means the cost of the funds withdrawn cannot exceed the value of the property. Reverse, or shared, equity mortgages can be more useful than a conventional ...
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