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|Subject: Fox News: Reverse Mortgage Surprise!||Date: 4/29/2014 4:23 AM|
|Author: intercst||Number: 74884 of 82831|
How bad does a consumer financial transaction have to be before Fox News complains about it?
There's a way out of all of this, but it's expensive. You could take out a conventional or Federal Housing Administration mortgage, and make monthly mortgage payments on the new loan balance. At issue is whether you have the income and credit history to qualify for the mortgage. You could also sell the house, but that has its own set of costs and you'd have to find a new place to live.
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