Sold as is? Meaning our mortgage would not change? This is not a reverse mortgage, but the one we got through the VA to buy the house.
Nothing changes other than the logo on the monthly bill...and you’ll have to set up a new online account with new holder if you do paperless billing. My mortgage (VA loan) was originally Countrywide. They went under then I’ve lost count of how many times it changed.
Eventually I refinanced with my Credit Union for a 2.7% rate. It’s been there ever since.
Our twelve year-old mortgage has been sold twice. The conditions remain unchanged.