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Inherited a home from my great aunt

Turns out it has a reverse loan. How long do I have to payit off? by crypt872 from Dresden, Tennessee. Jul 2nd 2020 Reply


Hi, I'm glad to help. That loan will have to be paid off, as it works in reverse, used by the elderly for income. I'd love to discuss the options and time table with you, ring me at 615-274-1800, my names JD

Jul 2nd 2020
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Typically the lender will require their reverse mortgage loan be paid off within 6 months of the date the borrower stopped living in the home.

Jul 2nd 2020
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You should have a total of 12mos. 6mos to decide if you're going to refinance it into your name or sell it. Then another 6mos to carry out that plan.

Jul 4th 2020
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