{"id":4779,"date":"2024-01-25T20:23:34","date_gmt":"2024-01-25T20:23:34","guid":{"rendered":"https:\/\/heideinternational.com\/?page_id=4779"},"modified":"2024-01-25T20:31:54","modified_gmt":"2024-01-25T20:31:54","slug":"biggest-fears-of-reverse-mortgages","status":"publish","type":"page","link":"https:\/\/heideinternational.com\/nl\/biggest-fears-of-reverse-mortgages\/","title":{"rendered":"Biggest Fears of Reverse Mortgages"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"4779\" class=\"elementor elementor-4779\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9c03548 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9c03548\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f97c4b\" data-id=\"2f97c4b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f04fe15 elementor-widget elementor-widget-heading\" data-id=\"f04fe15\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Biggest Fears of Reverse Mortgages<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-05d3401 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"05d3401\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-83f4724\" data-id=\"83f4724\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-389f0b7 elementor-widget elementor-widget-video\" data-id=\"389f0b7\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/D2CfhGIA250&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20dab13 elementor-widget elementor-widget-text-editor\" data-id=\"20dab13\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"entry-title\"><strong>Biggest Fears of Reverse Mortgages<\/strong><strong>:<\/strong><\/p><p>What are Reverse mortgage borrowers\u2019 biggest fears? The bank will take my home! What if the mortgage exceeds the property value, will my heirs have to pay the difference?&#8221; Do my heirs still get an inheritance? These are valid concerns, so let&#8217;s discuss. With a reverse mortgage, there\u2019s no need to worry about mortgage defaults due to nonpayment because the bank is paying you. However, the conditions of the mortgage require you to remain in the home as your primary residence. So, the bank could file for foreclosure if you permanently move out of the property without intention to notify the bank or to pay off the loan. Like all mortgages, you must keep up with your insurance, real estate taxes, and HOA dues. Failure to meet these obligations may trigger foreclosure, for failure to maintain your insurance, nonpayment of your real estate taxes, or HOA, so stay current on these expenses.&#8221; When you permanently move out of the home, your property can be sold at market value, regardless of the outstanding loan amount. So, your heirs are protected. If the home is worth more than the outstanding mortgage at sale, then the equity goes to you or your heirs just like any other kind of mortgage.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Biggest Fears of Reverse Mortgages https:\/\/youtu.be\/D2CfhGIA250 Biggest Fears of Reverse Mortgages: What are Reverse mortgage borrowers\u2019 biggest fears? The bank will take my home! What if the mortgage exceeds the property value, will my heirs have to pay the difference?&#8221; Do my heirs still get an inheritance? These are valid concerns, so let&#8217;s discuss. With [&hellip;]<\/p>","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4779","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Biggest Fears of Reverse Mortgages - Heide International LLC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/heideinternational.com\/nl\/biggest-fears-of-reverse-mortgages\/\" \/>\n<meta property=\"og:locale\" content=\"nl_BE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biggest Fears of Reverse Mortgages - Heide International LLC\" \/>\n<meta property=\"og:description\" content=\"Biggest Fears of Reverse Mortgages https:\/\/youtu.be\/D2CfhGIA250 Biggest Fears of Reverse Mortgages: What are Reverse mortgage borrowers\u2019 biggest fears? 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