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What happens if I have a reverse mortgage and I have to move out of my home, such as moving into a nursing home or to live with family?

  • Listed: August 12, 2022 3:07 pm
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What happens if I have a reverse mortgage and I have to move out of my home, such as moving into a nursing home or to live with family?

Reverse mortgage loans typically must be repaid either when you move out of the home or when you die. However, you may not need to immediately pay it back if you are away from your home for more than 12 consecutive months in a healthcare facility or have a co-borrower or Eligible Non-Borrowing Spouse living in the home.

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Listing ID: 83062f66ca52bd9f

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