Reverse Mortgage Property Decline

I got a few emails from some readers that were worried about if their property declines will they stop receiving their monthly reverse mortgage checks. This will not happen.

If property prices decline after you take out the loan, it will not affect the remainder of your estate. In such circumstances, the lending company bears the loss. This is similar to a traditional annuity in which the insurance company bears the loss of continuing annuity payments in the event that you live past your life expectancy.

Any more reverse mortgage questions, please email us or call us toll free at 1-888-973-8377.