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2. How do you pay back a reverse mortgage? - AOL

   www.aol.com/finance/pay-back-reverse-mortgage...

   If the borrower’s heirs want to keep the home, they can simply take out a new mortgage on the house to pay off the balance of the reverse mortgage. This is much like refinancing the loan as the ...

3. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   A reverse mortgage allows older homeowners to tap their home’s equity and receive tax-free payments. ... finances or those of your surviving spouse or heirs. ... rules attached. Here’s more on ...

4. What to do if you inherit a house with a mortgage - AOL

   www.aol.com/finance/happens-inherit-house...

   The heir has several options, such as moving into the home and assuming the mortgage, buying out other heirs if they also inherited a portion of the property, or selling the house and using the ...

5. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   However, with an FHA-insured HECM reverse mortgage obtained in the United States or any reverse mortgage obtained in Canada, the borrower can never owe more than the value of the property and cannot pass on any debt from the reverse mortgage to any heirs. The sole remedy the lender has is the collateral, not assets in the estate, if applicable.

6. Life estate - Wikipedia

   en.wikipedia.org/wiki/Life_estate

   The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.

7. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   How to qualify for a reverse mortgage. To qualify for a reverse mortgage, you must meet the following requirements: Age 62 or older. Outright ownership of your home or a low-balance mortgage