FAQ Reverse Mortgage Heirs Responsibility

There is a myth that you will leave debt to your children if you take out a reverse mortgage. The truth is a homeowner or their heirs never owe a payment; A is never required with a reverse mortgage. As long as you continue to pay the property taxes, homeowners insurance, and maintain the home you can live in the home and not have to pay a monthly mortgage payment.

Watch this video to find out all the details related to reverse mortgage and heirs

Want to find out more about how a Reverse Mortgage Can benefit your family? Watch our other video
FAQ How does a reverse mortgage work
   • FAQ how does a reverse mortgage work  

Kevin A. Guttman - Reverse Mortgage Specialist
NLMS# 384936
Evergreen National Bank NMLS #609177
Local (719) 302-5820
Toll Free (877) 251-9709