[RVN Airplane Driver]

Not sure on that. It would seem if the borrower had to be over 64 and died, the debt would be due. I can’t see a loan contract with a 70 year payback.

After the homeowner moves out of the home for whatever reason the borrower or the estate usually has a year in which to sell the home. Most loans are gov't insured and provide that the homeowner or the estate can never owe more than the home is worth.

[nufsed]

The issue was not moving out. It was a couple where one is elderly and the other is very young. Assume the younger one stays in the house.

IMO the loan contract would call the loan when the elderly person died and not wait until the younger one dies.