Reverse mortgage solves homeowner’s income problem

Senior citizen qualifies for tax-free line of credit
Published on Jul 12, 2004

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by CareyBot

DEAR BOB: I am a 66-year-old divorced woman. I own my condo, purchased 15 years ago for $232,500. My mortgage balance is about $115,000. Condos like mine in my building have been selling for $500,000 and up. My problem is ...