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SubscribeMarch 11, 2008 4:00 PM
Owner wants more money from reverse mortgage
Posted by Elizabeth Rhodes
Q: We've used up most of our reverse mortgage's line of credit and would like to obtain more money from this mortgage. Since our house is worth considerably more, we think this should be no problem. However the mortgage company says a refinance is required. Is this valid or simply a plot to make us pay thousands of dollars in refinance fees?
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