Don't rush into a reverse mortgage.(choice cuts)(Product/service evaluation)

Publication: Choice (Chippendale, Australia)

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COPYRIGHT 2006 Australian Consumers' Association

With a reverse mortgage you borrow money against the current value of your home and pay it back--including interest and fees--when you sell (or your estate pays it back after your death). They're targeted at people over 60 who can use them, for example, to pay for renovations or provide more money to...

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