Senior Alert: Reverse Mortgage Offers (KRGV-TV Texas)

Story date: 2007-10-30 10:46:33
Added on: 2007-10-30 19:00:23

Senior citizens over the age of 62 whose homes carry little or no mortgage debt may receive offers for a specialized loan called a reverse mortgage. Under these arrangements, eligible homeowners are promised an up-front cash payout with no obligation to repay the loan.


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