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New Rules Allows Spouses of Reverse Mortgage Holders Keep Their Homes

Senior homeowners who need cash can use their home equity to take out a reverse mortgage. Reverse mortgages can create problems for borrowers' spouses, especially those younger than 62. When the borrower sells the home or dies, the surviving spouse is then responsible for paying the loan in full or face eviction. Many seniors were [...]

By |2020-05-06T23:33:13-04:00October 31st, 2014|Cleveland Ohio Estate Planning, Ohio Elder Law|Comments Off on New Rules Allows Spouses of Reverse Mortgage Holders Keep Their Homes
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