A RM is simply a loan, however if you can’t pay, you lose your home.
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Incorrect. Not true. There are no loan payments to pay on a reverse mortgage by the homeowner.
A RM is simply a loan, however if you can’t pay, you lose your home.
__________________________________________
Incorrect. Not true. There are no loan payments to pay on a reverse mortgage by the homeowner.
It is a loan, one payment at the end. You have to continue paying taxes and insurance however.