Скачать или смотреть How Do You Payoff a Reverse Mortgage?

There are 4 different ways to payoff a reverse mortgage. You can payoff a reverse mortgage over time by making monthly principal and interest payments, you could sell the home, you could use other assets such as cash, or (Assuming you qualify) you could refinance into a regular forward mortgage.

Have more questions about reverse mortgages?

Call 541-897-4464

Or get a free copy of my book at: https://americanseniorfinance.com/fre...

Matt Allen
NMLS 254296
Branch Manager / Reverse Mortgage Specialist
American Senior
https://americanseniorfinance.com

About Me:
I have been in the mortgage industry for 18 years and have been specializing in just reverse mortgages for over 8 years. I have written two books about reverse mortgages, been published in local and national publications, been interviewed on TV and radio and I provide continuing education to real estate agents, financial planners, attorney's, insurance agents, and CPA's.

Disclosures:
This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.

Charges such as an origination fee, mortgage insurance premiums, closing costs and/or servicing fees, if applicable, may be assessed and will be added to the loan balance. As long as you comply with the terms of the loan, you retain title until you sell or transfer the property, and, therefore, you are responsible for paying property taxes, insurance and maintenance. Failing to pay these amounts may cause the loan to become immediately due and/or subject the property to a tax lien, other encumbrance or foreclosure. The loan balance grows over time, and interest is added to that balance. Interest on a HECM is not deductible from your income tax until you repay all or part of the interest on the loan. Although the loan is non-recourse, at the maturity of the loan, the lender will have a claim against your property and you, or your heirs may need to sell the property in order to repay the loan or use other assets to repay the loan in order to retain the property.

HighTechLending Inc, NMLS ID #7147(www.nmlsconsumeraccess.org) doing business as American Senior. 2030 Main Street, Suite #500, Irvine, CA 92614. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, OR Mortgage Lending License #ML-4386 and Servicer License #MS-139; Not all products and options are available in all states. Terms subject to change without notice. Certain conditions and fees apply. This is not a loan commitment. All loans subject to approval.