Nothing. The loan is against the house. As long as you live there you do not do anything. Generally once you leave, the house is sold and the mtg is paid back. To get a reverse mtg you will need to take an education course. They will detail all your options.
Nothing. The loan is against the house. As long as you live there you do not do anything. Generally once you leave, the house is sold and the mtg is paid back. To get a reverse mtg you will need to take an education course. They will detail all your options.
W. H | Aug 31, 2010 | Reply
A reverse mortgage is a loan against your home that you don’t have to repay as long as you live there, you can’t outlive it.
Gregorio | Aug 31, 2010 | Reply