Posts Tagged ‘Home Equity Loans’

Home equity loans what happens when my mom dies?

Monday, November 10th, 2008
Home Loans
cumbrlnd asked:


My mother who is 85 got a equity loan on her home rather than a reverse mortage loan. I was told today that when she passes the total loan becomes due and payable? Basicly that we can’t just keep making the payments. Is that true? She did this loan so the house could stay in the family rather than it being lost at the time of her death? Wat that the right choice any input would be appreciated.

Lucille