Monday, September 17, 2007

Seniors turn to reverse mortgages to escape toxic home loans (The Times of Northwest Indiana)

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 home equity loan]

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