You cannot outlive a reverse mortgage. As long as you live in the home, maintain it, and meet your obligations, the loan does not come due.
What happens if I outlive the loan?
About the Author: Kevin Guttman
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This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the Colorado Division of Real Estate; California Department of Financial Protection and Innovation, California Finance Lenders Law License # 603L442; Hawaii Department of Financial Institutions, Broker# HI-135622; Idaho Department of Finance, Broker license # MBL-9475; Kansas Office of the State Bank Commissioner; New Mexico Financial Institutions Division; Ohio Division of Financial Institutions, License # RM.804919.000; Oregon Division of Finance, DFR# ML-4917; Pennsylvania Department of Banking and Securities, license # 104755.
TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML’S WEBSITE: SML.TEXAS.GOV.
