More Seniors Are Taking Loans Against Their Homes — and It’s Costing Them

Letto da: Sam Scholl
Durata: 10 min
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Sintesi dell'editore

Rayford, 92, took advantage of a federally insured loan called a reverse mortgage that allows cash-strapped seniors to borrow against the equity in their houses that has built up over decades. But the risks of the financial arrangement are stark — and today the frail widow finds herself facing foreclosure.

"More Seniors Are Taking Loans Against Their Homes — and It’s Costing Them" is from the August 25, 2017 Business section of The Washington Post. It was written by Jenifer McKim and narrated by Sam Scholl.

©2017 The Washington Post (P)2017 Audible, Inc.

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