Posts Tagged ‘reverse mortgage’
Who Pays Reverse Mortgage When We Die?
Question: My husband and I live in Leisure World in Mesa. We paid cash for our home. We have been talking to a neighbor about the benefits of a reverse mortgage so that we can get the money to do more traveling. If we get a reverse mortgage, who pays off the reverse mortgage when…
Read MoreOwner retains title under reverse mortgage
Question: My parents have owned their Glendale home for more than 20 years. They own their home free and clear. My parents now want to get a reverse mortgage on their home to get monthly payments from the mortgage lender in order to supplement their Social Security income. Upon their death, they want my…
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