Talk of The Villages Florida - View Single Post - 15,000 Floridians with Reverse Mortgages Facing Foreclosure and Homelessness
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Old 01-26-2021, 11:36 AM
Grunt 1946 Grunt 1946 is offline
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So, just for my information, what would happen if you took all the money on your RM out this year but were still living in the home in 2040? Does the money get paid back at that time, assuming your dead, or is there a time limit on when it gets paid back? What if the home is worth 3 times as much in 2040, can you take out a larger RM?