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If I have a reverse mortgage loan, will my children or heirs be able to keep my home after I die?

  • Listed: August 12, 2022 3:07 pm
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If I have a reverse mortgage loan, will my children or heirs be able to keep my home after I die?

It depends. If you have a Home Equity Conversion Mortgage (HECM) your heirs will have to repay either the full loan balance or 95% of the home’s appraised value–whichever is less.

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Listing ID: 34162f66cc31a3a5

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