There are 4 things you are required from you as the homeowner to keep your Reverse Mortgage in good stand.
- Ensure you live in your home more than 6 months per year
- Ensure you keep your property taxes up to date and paid on time
- Ensure you have current and valid property insurance
- Ensure you keep the value of your property by maintaining it and keep it in great condition
If you have any questions regarding this, we are here to help!