How to free up ‘dead money’ in home equity

Is reverse mortgage the way to go?
Published on Sep 5, 2006

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by CareyBot

DEAR BOB: My husband and I, ages 74 and 77, respectively, live in our home worth about $900,000 for which we paid $125,000 in 1978. We have a remaining mortgage of $44,000 at 5.25 percent interest with $330 monthly payments. ...