First Coast homeowner regrets reverse mortgage – First Coast News


First Coast News
First Coast homeowner regrets reverse mortgage
First Coast News
"I thought it was a reverse mortgage that the government give you but it wasn't like that," he said. His northwest Jacksonville home was paid in full and he met the age requirement of 62 or older. Singleton said he thought he was making a traditional loan.

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reverse mortgage loans – Google News

FHA reverse mortgage program could faces changes
HSH Financial Publishers (blog)
Reverse mortgages are a form of financing open to those aged 62 and above. The idea is to use real estate equity to get a loan and then money from the loan can be used for any purpose. The attraction of reverse mortgages is that while the homeowner

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reverse mortgage loans – Google News


New York Times
A Risky Lifeline for the Elderly Is Costing Some Their Homes
New York Times
Concerns about the multibillion-dollar reverse mortgage market echo those raised in the lead-up to the financial crisis when consumers were marketed loans — often carrying hidden risks — that they could not afford. “There are many of the same red

reverse mortgage loans – Google News


AARP News (blog)
Reverse Mortgages Are Proliferating, but It's Wise to Proceed with Caution
AARP News (blog)
The New York Times reported Monday about some of the more extreme problems that people can face after taking on a reverse mortgage, including foreclosure. The cases involved seniors whose older spouses were listed as the sole borrowers on the loan.

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reverse mortgage loans – Google News

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