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Remaining Estate

What happens to any remaining equity when someone dies, moves, or sells a home? Will there be anything left to his or her heirs?

Once all parties on the deed dies, sells a home, or no longer lives in a property as their primary residence, the borrower or their heirs must repay the balance due on the Reverse Mortgage or sell the home. If they sell the property, any equity remaining will go to the borrower or their heirs.

We recommend speaking with your financial advisor to understand how to best incorporate a reverse mortgage into your estate planning.

Please keep in mind that the reverse mortgage industry in constantly changing and some of the information contained on this site may not be current. Please ask a licensed reverse mortgage professional for up-to-date guidelines. 

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Learn more about how people are using home equity conversion mortgages for purchasing homes:

Please keep in mind that the reverse mortgage industry is constantly changing and some of the information contained on this site may not be current. Please ask a licensed reverse mortgage professional for up-to-date guidelines.