Elderly face 'new mis-selling scandal' - 2004-02-15
Home reversion schemes could become the next mis-leading selling scandal unless regulation is put into play, an industry watchdog has claimed.

The Government-backed consumer watchdog, the National Consumer Council (NCC), has expressed serious concerns over the lack of regulation governing sales of some equity release plans. It believes the elderly could fall victim to unscrupulous sales techniques.
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Pay down credit card debts first - 2004-02-15
Q: I have a home mortgage question. I am studying a job opportunity in the Midwest. My dilemma involves my personal debt. I have about as much credit card debt (about $50,000) as I do ownership in my house (estimated selling price minus principal left on mortgage). Can I roll over some or all of the credit card debt into a new home mortgage if I move into a new house?

A: That's a lot of credit card debt. While there are lenders who will lend more than 100 percent of the purchase price of a new home, it always comes at a price and may not work out. •
Read the full story at Akron Beacon Journal