Reverse mortgage ban hurting some Sun City residents

By Rusty Bradshaw | YourValley.net

Sun City resident Richard Haugness faces crucial decisions every day, including whether to pay bills, pay for medication or purchase meals.

They are decisions that are faced by other Sun Cities residents. Those decisions could be made easier if they were able to get a reverse mortgage on their home. A reverse mortgage allows homeowners to use the equity built up in their homes to get funds for daily living.

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