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Frequently Asked Questions
Q: Can a reverse mortgage lender take my home away?
A. No. You cannot outlive the loan agreement, and no debt from a reverse mortgage will be passed along to the estate or heirs. You cannot be forced to sell your home to pay off the mortgage loan even if the loan balance grows to exceed the value of the property. Also, HUD’s Federal Housing Administration guarantees that you will receive all the payments that are owed to you.
Related Links
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