What has to be repaid when the loan becomes due?

You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually choose to do this through the sale of the home or other assets. Repaying the loan by refinancing through a conventional mortgage is also an option.

Verified Reviews

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Made Me Feel Comfortable Larry was very patient,explained everything..answered all questions..he made me feel very comfortable about doing a reverse mortgage... thank you Larry for all your help.

Darlene W — Nov 14, 2014

The Process Went Smoothly All questions were answered in a timely manner. Process went along smoothly .

Norm J — May 3, 2023

Larry is One of the Best I have always considered myself very comfortable financially. That is until a number of uncontrollable events occurred and most of my remaining retirement assets were in bricks. Fortunately, I met Larry a few years ago and remembered hearing about his experience and knowledge in investments, real estate and the markets in general. Having recently lost my husband I did not want to involve family in personal financial discussions, I called Larry. Larry's patience and experience in clearly explaining my options made him very easy to work with. I never felt rushed to make a decision, even after I was approved and then backed away to look at another lender. He didn't "pester" me. He left me alone to think. I came back because I knew he was looking out for my best interest. I spent my career in sales & marketing and am very familiar with selling a high-end product. Larry is one of the best. He kept the needs of his customer his primary objective. Thanks to Larry I am on my feet again.    

Roberta D — Oct 21, 2021

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