Reverse mortgages could send some seniors in wrong direction

Perhaps you read about reverse mortgages or heard about them on the news back in 1997 when Texas voters approved a constitutional amendment allowing home equity loans and reverse mortgages. Or maybe you picked up on it in November 2005 when the two were combined as Texas voters approved reverse mortgage home equity lines of credit, clearing up some of the uncertainties and vague interpretations that initially plagued the early amendment.

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