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Burns & Hansen, PA

July 2011 Archives

Wells Fargo Decides to Stop Initiating Reverse Mortgages

Seniors should be wary of reverse mortgages. They are marketed as a way for people to create a revenue stream for themselves by accessing equity in their homes. Lenders are supposed to be repaid upon the death of the borrower or sale of the home.

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8401 Wayzata Blvd Suite 300
Minneapolis, MN 55426

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