Have questions about the probate process? Let us help you.

We’re here 24 hours a day, 7 days a week, so call us now 214-225-4655 or email us Info@servanthearthomes.com

Serving Dallas-Fort Worth

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Have questions about the probate process? Let us help you.

We’re here 24 hours a day, 7 days a week, so call us now 214-225-4655 or email us Info@servanthearthomes.com

Serving Dallas-Fort Worth

Edit Template

Reverse Mortgage

Home / Reverse Mortgage

Following the death of a loved one, many families discover that the deceased had a Reverse Mortgage or Home Equity Conversion Mortgage (HECM).

A reverse mortgage is a financial agreement in which a homeowner converts home equity into a lump sum or regular payments—often used to supplement retirement income. Unlike traditional mortgages, where the loan balance decreases as payments are made, a reverse mortgage balance increases over time due to accruing interest.

Following the death of a loved one, many families discover that the deceased had a Reverse Mortgage or Home Equity Conversion Mortgage (HECM).

A reverse mortgage is a financial agreement in which a homeowner converts home equity into a lump sum or regular payments—often used to supplement retirement income. Unlike traditional mortgages, where the loan balance decreases as payments are made, a reverse mortgage balance increases over time due to accruing interest.

Following the death of a loved one, many families discover that the deceased had a Reverse Mortgage or Home Equity Conversion Mortgage (HECM).

A reverse mortgage is a financial agreement in which a homeowner converts home equity into a lump sum or regular payments—often used to supplement retirement income. Unlike traditional mortgages, where the loan balance decreases as payments are made, a reverse mortgage balance increases over time due to accruing interest.

When the homeowner passes away, the full balance of the reverse mortgage becomes due almost immediately. If family members are still living in the home, they must either repay the loan in full or vacate the property shortly after the homeowner’s death.

Communicating with the reverse mortgage lender after a homeowner’s death can be a difficult and time-consuming process, often requiring formal proof of heirship. Servant Heart Homes has extensive experience working with reverse mortgage lenders and can provide essential support and guidance to help families navigate this complex process.

When the homeowner passes away, the full balance of the reverse mortgage becomes due almost immediately. If family members are still living in the home, they must either repay the loan in full or vacate the property shortly after the homeowner’s death.

Communicating with the reverse mortgage lender after a homeowner’s death can be a difficult and time-consuming process, often requiring formal proof of heirship. Servant Heart Homes has extensive experience working with reverse mortgage lenders and can provide essential support and guidance to help families navigate this complex process.

Solutions for family members during difficult times.

The Servant Heart Homes has significant expertise with Reverse Mortgage and Foreclosure assisting hundreds of families work with mortgage lenders to develop equitable solutions.

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WE WANT TO HELP IN DALLAS FORT-WORTH

Quick Links

Probate Process

Probate Facts

Reverse Mortage

Home

About Us

214-225-4655

Info@servanthearthomes.com

You have been successfully Subscribed! Ops! Something went wrong, please try again.

Copyright Servant Heart Homes