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: FinancialCounselAARP Warns Seniors Of Reverse Mortgages; SNSFE Investigating
By James Eccleston
The American Association of Retired Persons (AARP) has warned seniors of reverse mortgages. Reverse mortgages can carry high costs -- as much as 7% of a home's value. They also have been subject to abusive marketing practices. AARP urges seniors to review the affordability of these loans and other less costly options. SNSFE is investigating abuses and reverse mortgages and would look forward to information from those who have been abused.
Full post as published by FinancialCounsel on January 30, 2008 (boomark / email).
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