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Old 11-18-2013, 12:43 PM
  #13  
Scrappy Gram
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Join Date: Aug 2011
Posts: 128
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Originally Posted by BellaBoo
I think reverse mortgage you own your home but can't sell it unless you pay back the payments plus a lot more. It's big financial decision. The house goes to the lender if you have to move due to health or older age. I would get a lawyer that specializes in that before taking the word of a lender. I would borrow on a low interest credit card before taking out an equity loan.
There's no such thing as a low interest credit card in today's market.
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