With a Missouri Reverse Mortgage, 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 Missouri 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.
More Missouri Reverse Mortgage Loan Information:
Interested in a Missouri Reverse Mortgage! | Can I qualify for a Missouri Reverse Mortgage? | What's the Difference Between a Missouri Reverse Mortgage and a Bank Home Equity Loan? | With a Missouri Reverse Mortgage, Will I Still Have an Estate that I can Leave to My Heirs?