How long will reverse mortgage lending last?

Answer The term of a reverse mortgage lasts as long as the mortgaged home is your primary residence. The loan ends when you die or the residence is no longer your primary residence. At this point, the hom... Read More »

Top Q&A For: How long will reverse mortgage lending last

How Long Do My Heirs Have to Pay Off a Reverse Mortgage?

A reverse mortgage loan becomes due in full when either you no longer live in the your home or pass away. However, when you pass away, your mortgage company cannot legally demand immediate payment ... Read More »

How long do you have to sell when a reverse mortgage ends?

You do not have to sell your home if you outlive the loan agreement for a reverse mortgage. Provided you keep the taxes and insurance current, you may continue to live there as long as you want.Ref... Read More »

What is a mortgage lending rate?

A mortgage lending rate is the interest rate charged on the amount of money borrowed for a mortgage. The rate is influenced by a number of economic factors as well as the financial history of the b... Read More »

The Laws for Government Mortgage Lending?

The Department of Housing and Urban Development (HUD) is the federal government's administration for fair housing and homeownership. Part of this department is the Federal Housing Administration (F... Read More »