One thought on “Will I have to repay the loan?

  1. Arti says:

    In addition, when the last surviving borrower passes away, the loan becomes due and payable. However, if you move or sell the property, the loan becomes due and must be paid off. Additionally, your mortgage company may remind you of your property-related expenses—these are obligations like property taxes, insurance payments, and HOA fees. This means the mortgage company can demand the reverse mortgage balance be paid in full and may foreclose and sell the property. This means the mortgage company can demand the reverse mortgage balance be paid in ful

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