Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com What happens when parent dies with reverse mortgage? When a parent dies with a reverse mortgage, their estate is responsible for repaying the loan. This can be done by selling the home to repay the loan or refinancing it into a conventional mortgage, or paying off the loan with other assets. If insufficient funds are available to repay the loan, then the lender will take ownership of the home. Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you. Reverse Mortgage Resource Center 11240 River Heights Dr Suite 100 South Jordan, Utah 84095 385-503-2224 https://reversemortgageresourcecenter.com

Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com What is the average fee for a reverse mortgage? The average fee for a reverse mortgage will vary depends on the type of loan and the lender. Generally, the origination fee is between 0.0% to 2% of the loan amount, plus other closing costs such as processing and underwrign fees, appraisal fees and title insurance. Work with a reputalbe lender when obtainning a reverse mortgage. Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you. Reverse Mortgage Resource Center 11240 River Heights Dr Suite 100 South Jordan, Utah 84095 385-503-2224 https://reversemortgageresourcecenter.com