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How safe are FHA insured reverse mortgages?

April 26, 2017FHA insured mortgages reverse safe

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How safe are FHA insured reverse mortgages?

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They are VERY SAFE. You or your heirs retain ALL ownership rights. It is impossible to fall behind on payments because there are none to make. And reverse mortgages are “non-recourse” mortgages so a debt CANNOT be passed to your heirs as a result of doing an FHA insured reverse mortgage.