Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com What happens when you have a reverse mortgage and the owner dies? When the owner of a reverse mortgage passes away, the loan must be paid off. If the beneficiaries want to keep the house, they can refinance the loan, or use other assets to repay the loan. If they don't want to keep the house, they can sell it. If the market value of the house is less than what is owed on the reverse mortgage loan, the property can be returned to the lender without any recourse. The heirs are not responsible for repaying any remaining balance on the loan. 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 Why would someone get a reverse mortgage? A reverse mortgage can be a great financial option for seniors who need additional income and want to stay in their home. It allows them to access the equity they have built up in their home without having to make monthly mortgage payments. With a reverse mortgage, the amount you owe increases over time as interest accrues, but you don't have to make any payments until you leave or sell your house. The funds from a reverse mortgage can be used for any purpose you choose, including medical bills, renovations, vacations, or debt repayment. 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 Who benefits most from a reverse mortgage? Reverse mortgages benefit senior homeowners looking to access the equity in their homes without having to sell or move. This type of loan allows them to receive a lump sum payment, or monthly payments, based on the equity in their home. Reverse mortgages can be used for various purposes, such as paying off debt, supplementing income, and making home improvements. 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