Tuesday, January 13, 2009

my credit card

Reverse Mortgages For Nurses
A few years ago, my mom and dad ( both nurses ) were in a tough spot financially. Living off of a small pension and an even smaller Social Security Check, they were having trouble keeping up with their bills.

They were still paying off their mortgage and a home equity loan they had taken out for some much - needed repairs. Faced with expensive trips to the doctor, a half dozen prescriptions between them, a rising cost of living, and outrageous New Jersey property taxes, they were deep in the red and falling deeper every month.

I wanted them to sell the house and move to a smaller condo or even a retirement community, but they refused. They ' d say, " This is our house and this is where we ' re staying! "

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