Know More About Reverse Mortgage

Submitted by Lachlan | October 2, 2021 | Business

No, the bank or lender does not own your home, even after you take out a reverse mortgage loan. You will retain the title and ownership of the home as long as you stay in the home and meet all the loan requirements. In other words, as a borrower, you will continue to maintain the home (as you normally would) and make sure you promptly pay insurance, property tax, and other relevant property fees.

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Submitted by: Lachlan

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