Faculty Publications

Title

What You Need to Know About Repaying a Reverse Mortgage

Document Type

Article

Publication Date

3-10-2016

Abstract

Repayment of a home equity loan balance may be deferred until the last borrower or non-borrowing spouse has died, moved, or sold the home. Prior to that time, repayments can be made voluntarily at any point to help reduce future interest due and to allow for a larger line of credit to grow for subsequent use.