Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com Can you sell your house if you have a reverse mortgage? Yes, you can sell your house if you have a reverse mortgage. The proceeds from the sale will be used to pay off the loan balance and any additional costs associated with the sale of the home. You will keep any remaining equity in the property after all obligations are met. 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 pays the insurance on a reverse mortgage? The borrower is generally responsible for paying the homeowner's insurance premium. This is set up with your insurance agent and can typically be paid monthly or annually. The borrower does not directly pay the mortgage insurance on a reverse mortgage. Instead, the lender is responsible for paying the mortgage insurance premium, typically financed into the loan amount. This insurance is generally included in the closing costs when taking out 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

Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com Can I outlive my reverse mortgage? No, you cannot outlive your reverse mortgage. There is no set term for a reverse mortgage. The reverse mortgage will stay in place until the loan is paid off, the borrower dies, or moves out of the house. The borrower cannot owe more than the value of the home. The lender cannot foreclose on a HECM and the borrower cannot lose the home due to age. 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