Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home

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Home Loans 620 Credit Score Cash Out Refinance Home Loan Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home – Voss’ husband had taken out a home equity conversion mortgage, as the federally backed loans are called, on the couple’s four.600 000 mortgage monthly payment 0

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Despite having worked for decades in the real estate industry, Sharon Voss, 79, made a mistake that will likely cost her her home of nearly 30 years at an auction this month. The culprit: a reverse mortgage that was meant to keep her financially solvent through her golden years.