Saturday, November 3, 2007

Truth Squad: Reverse Mortgages (KBCI Boise)

Local banks and mortgage companies are pushing a unique mortgage loan that sounds more like you just won the lottery. Instead of making monthly payments, you get monthly payments, and you don't have to pay it back. They're called reverse mortgages, but you need to proceed with caution.

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[Source: Yahoo! News Search Results for mortgages]

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