Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com Do you make monthly payments on a reverse mortgage? No, you are not obligated to make monthly payments on a reverse mortgage. Instead, the lender of the reverse mortgage pays you either a lump sum or periodic payments. The amount and frequency of these payments depend on the terms of your loan. At the end of the loan, you (or your estate) will be responsible for repaying the loan plus interest. You are still responsible for paying your homeowner's insurance and property taxes. Although no payments are required, you are always welcome to make principal or interest payments. 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 When should you not get a reverse mortgage? Generally speaking, a reverse mortgage should not be considered if you plan to move out of or sell your home in the near future. 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 happens at the end of a reverse mortgage? At the end of a reverse mortgage, the borrower or their heirs must either repay the loan in full or sell the home to cover the loan amount. If they choose to sell, any remaining equity belongs to them or their heirs. The lender does not take ownership of the home when the borrower passes away. If the loan balance is higher than the market value of the home, you can turn the home over to the lender without further obligation. 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