What has to be repaid when the loan becomes due?

You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually choose to do this through the sale of the home or other assets. Repaying the loan by refinancing through a conventional mortgage is also an option.

Verified Reviews

(233)

Very Smooth Process The whole process went very smoothly.      

Richard & Angie M — May 8, 2024

Incredibly Patient: Larry was incredibly patient with my mother as we worked through the reverse mortgage process. He was great at keeping us updated and he took the initiative to work through an issue allowing a better result. I would recommend Larry 100%.      

Renee O — Mar 26, 2025

Smooth Closing No rework, smooth closing. We were very happy. .

Stew & Susan C — Mar 22, 2023

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