Millions of Americans are entering old age saddled with mortgages. The burden will likely get heavier as the coronavirus pandemic batters the economy.
Laura and Bob Bentz were in their early 60s when they got a 30-year mortgage on a small home outside Orlando, Fla.
They don’t like debt but felt they had no choice. Their business selling antique car parts on the internet had gone south in the Great Recession, as did the construction company where Mrs. Bentz worked and the medical-supply company where Mr. Bentz did. A sinkhole had damaged their previous house, and then Mrs. Bentz had to spend several years caring for elderly relatives.
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