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Reverse mortgage: Good or bad idea?

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

KANSAS CITY, Mo. -- We've been hearing a lot about reverse mortgages lately -- in part because former mayor Charles Wheeler recently found his home, and reverse mortgage, in foreclosure.

So, are they a good idea? Or is it just a short-term fix to a long-term problem?

FOX 4's Problem Solver Linda Wagar explains.

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