When Do You Need to Pay Back a Reverse Mortgage? A reverse mortgage in California must be repaid in full if the last surviving borrower or eligible non-borrowing spouse: Passes away Sells the home No longer lives in the home as their primary residence The last scenario can occur if the borrower moves into an […]
Reverse mortgages have often been misunderstood due to myths and misconceptions, but today’s reverse mortgage programs are significantly different from those in the past. As more homeowners discover the advantages of accessing home equity, reverse mortgage loans continue to gain traction among senior homeowners in California. By now, you may already be familiar with some […]
