What happens if my spouse is not on the reverse mortgage and I pass away?

Reverse mortgage borrowers have significantly higher financial and housing satisfaction compared to nonborrowers; no differences were found for health, daily ... A reverse mortgage is a special type of home equity loan sold to homeowners aged 62 and older. The loan allows homeowners to access a portion of their home ... Apr 9, 2025 ... How a Reverse Mortgage Works. Reverse mortgages get their name because instead of paying a lender, the lender pays the homeowner. The homeowner ... Federal regulations and North Carolina law require reverse mortgage loan applicants to receive reverse mortgage counseling from an approved counseling agency. We are proud to be America's leading HUD-approved reverse mortgage lender, consistently achieving a stellar 4.99/5 star rating for our impeccable service. Dec 20, 2022 ... A reverse mortgage is a mortgage loan – usually secured by a residential property – in which the main source of repayment is the proceeds from ... A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. Dec 21, 2023 ... Also like a traditional mortgage, when you take out a reverse mortgage loan, the title to your home remains in your name. However, unlike a ... Apr 29, 2022 ... Simply put, a reverse mortgage is a way for older homeowners to tap into their home equity as a source of cash. They can borrow against the ... What is a Reverse Mortgage? A reverse mortgage is a loan that allows older homeowners to borrow money against the equity in their home.