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I’ve heard reverse mortgages called “non-recourse” loans. What does this mean?

April 26, 2017called heard I’ve Loans mean mortgages reverse

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I’ve heard reverse mortgages called “non-recourse” loans. What does this mean?

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This means that the only thing pledged for repayment of the loan is the value of the home when sold. The lender has no recourse against your other assets or other assets of your estate even if the amount owed exceeds the value of the home.