Protecting a loved one when considering a Reverse Mortgage is an important discussion to have. Based on the relationship of the parties and who is on the mortgage, the rights of occupancy, after the passing of one party, may be affected if the loan is not done correctly. Contact us 1st to get all the facts.
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Answer and Reference: [tweet-start]Don’t get a reverse mortgage HECM until you understand the facts and know how to protect your loved ones. Call me 1st. #HECMloans[tweet-end] HUD has defined the Non-Borrowing Spouse in ML 14-02 as: “Non-Borrowing Spouse” is defined as the spouse, as determined by the law of the state in which the spouse […]