Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Doesn’t the lender get title to my home with a reverse mortgage?

0
Posted

Doesn’t the lender get title to my home with a reverse mortgage?

0

No. The lender places a lien on the home just the same as with a traditional mortgage or home equity loan. The lien ensures the loan is repaid when the property is sold. Title to the home remains with homeowner.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123