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Jims5543 Jims5543 is offline
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Join Date: Feb 2005
Location: Jensen Beach, FL
Posts: 13,028
Thanks Dueller, that answered my question.

Quote:
7. Will I still have an estate that I can leave to my heirs?

When you sell your home or no longer use it for your primary residence, you or your estate will repay the cash you received from the reverse mortgage, plus interest and other fees, to the lender. The remaining equity in your home, if any, belongs to you or to your heirs. None of your other assets will be affected by HUD's reverse mortgage loan. This debt will never be passed along to the estate or heirs.
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Old 04-23-2008, 03:56 PM
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