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Seattle Times business reporter Elizabeth Rhodes posts the answers to your real estate questions as they pop up during the week. Join this ongoing discussion, which also features reader reaction to real-estate articles appearing throughout The Times.
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March 11, 2008 4:00 PM
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?
Mar 11, 08 - 04:00 PM
Owner wants more money from reverse mortgage