Comment on More seniors are taking loans against their homes - and it's costing them

More seniors are taking loans against their homes - and it's costing them

As she was getting on in years and her resources dwindled, Virginia Rayford took out a special kind of mortgage in 2008 that she hoped would help her stay in her three-bedroom Washington, D.C., rowhouse for the rest of her life. Rayford, 92, took advantage of a federally insured loan called a reverse...

 

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