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Open Question: Does anyone understand Reverse Mortgage?

This is a discussion on Open Question: Does anyone understand Reverse Mortgage? within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; I have only one daughter. I have an offer for $56,500 from a lender. I owe just the same amount. ...


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Old 03-04-2008, 01:37 PM
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Default Open Question: Does anyone understand Reverse Mortgage?

I have only one daughter. I have an offer for $56,500 from a lender. I owe just the same amount. I refinanced twice, so no equity left in the house. The letter says I won't have to pay this back as long as I live in the house. What will happen when I die?

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