Agent

Too young to maximize reverse-mortgage benefits

Home needs repairs, but homeowner needs lifetime income
Published on Feb 21, 2007

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by CareyBot

DEAR BOB: I am 63 and hope I can continue working until I am 70 when my Social Security benefits will nearly double. My $935,000 home needs about $30,000 in repairs. I had hoped to live on reverse-mortgage income until ...

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