Reverse mortgages provide hope - 2004-03-23
Senior citizens are likely to be among those hardest-hit by reassessment. Not only do they usually live on fixed incomes, but seniors face higher property tax bills due to the age of their homes. Some fear higher taxes might even force them from their homes.
But something called a reverse mortgage could help seniors with their taxes - or other bills - despite limited incomes, financial specialists said.
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