One thought on “Can the estate’s heirs end up owing more than the home is worth?

  1. Arti says:

    Reverse mortgages have a few drawbacks to consider before applying for one. The borrower’s age also impacts how much the lender is willing to lend in a reverse mortgage. Seniors can benefit from reverse mortgages in several ways, including: Seniors can benefit from reverse mortgages in several ways, including: Seniors can benefit from reverse mortgages in several ways, including: Seniors can benefit from reverse mortgages in several ways, including: Seniors can benefit from reverse mortgages in several ways, including: Seniors can benefit from reverse mortgages in several ways, including: The reverse mortgage comes due when the borrower sells the home or no longer lives in it as a primary residence for 12 months or more. The reverse mortgage comes due when the borrower sells the home or no longer lives in it as a primary residence for 12 months or more. This typically occurs when the borrower dies, moves or relocates into a care facility. If the borrower passes away, the heirs have approximately six months to refinance or sell the home. The loan also comes due if the borrower doesn’t pay property taxes and homeowners insurance on time. The loan also comes due if the borrower doesn’t pay property taxes and homeo

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