QUESTION:

Payments remains after Reverse Mortgage?

After Reverse Mortgage, have me to pay for TAXES, INSURRANCE, ETC. AS OWNER?
asked by manurbino, 11/7/2008
Categories: Delaying Retirement, Work and Retirement, Financial Planning for Retirement, Retirement Income, Mortgages
ANSWERS:
Answered by: Tamera, 11/09/08
Overall Rating: Be the first to rate it.

Since you are still the legal owner on title, you would still be responsible for paying property taxes, insurance, homeowners association dues and any other customary home expenses

Please let me know if you have further questions.

Tamera Field
Reverse Mortgage Consultant
Golden Gateway Financial
www.goldengateway.com
877-632-7890

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