Only one I know of is that it has to be paid off if the home is sold. Otherwise if you die then they just sell the home because it’s theirs.
Read the original here:
What's The Down-side Of A Reverse Mortgage Loan? | FHA Mortgage Blog
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Tags: economy, FHA Mortgage, interest-deduction, lot-easier, sell-the-home, stimulate-the-economy, the-home, the-others, you-die
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Reverse mortgage loan is just not a new concept in the United States of America. This loan is a unique kind of a loan that had been introduced in the United States of America around twenty years back. The strong point about this loan is ...