Reverse mortgage are non-recourse loans. That means if the family or heirs wish to keep the home and the balance is more than the home’s value they would only have to pay 95% of the appraised value to keep the home. If they owe LESS than the value of the home, they would pay the full balance.
https://www.reversefreedom.com/wp-content/uploads/2019/12/RFM_LOGO_VERSION2_FULLCOLOR.png 0 0 ReverseFreedom https://www.reversefreedom.com/wp-content/uploads/2019/12/RFM_LOGO_VERSION2_FULLCOLOR.png ReverseFreedom2016-02-03 21:55:162016-02-03 21:55:16Are my children will be responsible for the repayment of the loan?
Reverse Freedom Mortgage
9089 S 1300 W STE #110
West Jordan, UT 84088