How do you buy back a reverse mortgage?

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How do you buy back a reverse mortgage?

Category: Financial Planning with RM's Q & A

How do you pay back a reverse mortgage? Sell the home. If you as the borrower or your heirs don’t want to keep the home, you (or they) can simply sell it to pay off the reverse mortgage. … Refinance the mortgage. … Take out a new mortgage. … Provide a deed in lieu of foreclosure. Sep 29, 2021