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Do You Have to Get a 30-Year Mortgage?

Choosing a home is a lot more exciting than choosing a mortgage, but choosing the right mortgage term can have a big impact on your other financial goals.

Stringent reverse mortgage rules near implementation

WASHINGTON — Interested in a reverse mortgage without a lot of hassles? Get your application in now. On April 27, a series of extensive “financial assessment” tests will make applying for a reverse mortgage tougher — much like applying for a standard home mortgage.