What to know to add a spouse to a reverse mortgage loan
Wade D. Pfau
Senior homeowners take out a reverse mortgage for needed cash to stay in their home and avoid struggling with expenses.
But when only one member of a senior couple is the named borrower on a reverse mortgage loan, it can create a troublesome situation whereby the borrowing spouse dies and the remaining partner is forced to pay off the loan
Kennedy Melia, Marilyn, "What to know to add a spouse to a reverse mortgage loan" (2017). In the News. 1950.