over 1 year ago
An anonymous caregiver
said...
survivor
I have a reverse mortgage on my home. My deceased wife and i are on the title. I recently got remarried. If I pass away what is the new wife status.? evad
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She would have to sell off the property and/or repay the loan.
If she is over 62, talk to your lender about refinancing the reverse mortgage with her name on it. If they won't, find another lender that will.
She would have to sell off the property and/or repay the loan.
If she is over 62, talk to your lender about refinancing the reverse mortgage with her name on it. If they won't, find another lender that will.
Oh, and if she's under 62 she could find a regular mortgage for the house, pay off the reverse mortgage, and IF there's any money left she can keep it.
Oh, and if she's under 62 she could find a regular mortgage for the house, pay off the reverse mortgage, and IF there's any money left she can keep it.
Probably also have to get the title of the house in both your names...?
Probably also have to get the title of the house in both your names...?