What Happens if You Inherit a Reverse Mortgage? | One-Minute Money Tip
Stewardship
Many people are confused by reverse mortgages, and it's understandable! Some aspects of reverse mortgages seem counterintuitive at best, and at worst, they can seem too good to be true. But the fact is, it's pretty simple. Heirs have four options when it comes to dealing with a home that has a reverse mortgage on it. In today's video, Grant briefly explains each option so that if you ever find yourself in this position, you can be informed and make the wisest decision. The bottom line, the myth that the heir is trapped because somebody has a reverse mortgage is flat-out wrong.
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2023-07-03
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