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'Heirs & Loan Maturity' Category Archives

How to Payoff a Reverse Mortgage at 95% of Appraised Value

January 15, 2013 27 comments

Hello All Reverse, I have read the information that was provided on the website and the questions and responses. I am concerned that there is some contradictory information here. I would like you to offer some clarification which will help me better understand what happens to my mother's home and the possible sale to grandchildren. Since the text on this...
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Helping Parents with a Reverse Mortgage? | What to Consider

June 29, 2012 2 comments

Question from our reader: I would like to know, if my parents are taking a reverse mortgage, will I get something left when they die? Also can the bank charge me for that reverse mortgage or it will end will them dying? I feel a bit stupid but I’m not sure at all about that and I really would like...
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How Will a Reverse Mortgage Impact my Kids and Family?

February 10, 2012 6 comments

How Will a Reverse Mortgage Impact my Kids and Family? In researching and weighing the pros and cons of a reverse mortgage, a common question probably comes to mind: How will a reverse mortgage impact my children and family? The most important thing to remember is that your children and family will never be on the hook for repaying...
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