Do I Still Own My Own Home?
Yes! A reverse mortgage is just like a traditional mortgage, though repayment is required when the last surviving borrower leaves the home. At that time, you or your estate will repay the money you received from the reverse mortgage, plus interest and any other fees incurred. The remaining equity in your home belongs to you or your heirs. You retain ownership, as well as the right to sell the property at any time.
Want More Information:
For additional information or to request a no cost, no commitment orientation on the benefits of a Reverse Mortgage, simple complete the form below and click the Send My Request button. We will contact you shortly!