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Topic: Reverse Mortage in Virginia

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Susan Haas
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Reverse Mortage in Virginia

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Reverse Mortgage Specific Disclosure: The loan is repaid when the last borrower leaves the home or refinances the home or passes away. When the home is sold or refinanced the proceeds pay back the loan, accrued interest and mortgage insurance All of the remaining equity goes to the borrower or their heirs. As with any home-secured debt, the homeowner remains responsible for property taxes, homeowners insurance, HOA dues and property maintenance.

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I know someone that is helping people with Reverse Mortgages in Virginia!

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