Media Covers Reverse Mortgage Reforms August 06th, 2008 | Category: Reverse Mortgage Great minds think alike — largely. Kiplinger’s headline tells us that “seniors Get a Gift from the New Housing Law” while TheStreet.com headline explains that “Senior Homeowners Get Lift From Housing Bill.” Kiplinger notes that “homeowners age 62 and older w… american general finance e loan instant loans commercial loans car loan low interest loans s mortgage brokers student loans bankruptcy loans hom A refinance mortgage loan generally means paying off your original mortgage by signing a new loan. Your refinance mortgage loan acts like your typical mortgage loan. That means that you pay most of the same costs you paid to get your original mortgage.