Fox News warns homeowners of reverse mortgages

Fred Thompson and Henry Winkler tout the benefits of reverse mortgages for seniors, but is it all good news?

According to Fox Business Network anchor Cheryl Casone the answer is an emphatic “no.” She tells Fox News co-anchor Martha MacCallum that a reverse mortgage may amount to a case of predatory lending.

The old adage, “if it sounds too good to be true, it probably is” may very well apply.

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