What Happens After Underwriter Approved Loan

What Happens After Underwriter Approved Loan

If I get a reverse mortgage, can I leave my home to my heirs. – If you take out a reverse mortgage, you can leave your home to your heirs when you die-but you’ll leave less of an asset to them.Also, your heirs will also need to deal with repaying the reverse mortgage, otherwise the lender will foreclose.. Reverse Mortgages. The most popular type of reverse mortgage is FHA’s home equity conversion mortgage (hecm).

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