Reverse Relief is unique in that our loan has a maturity term of 5 years, with the principal balance and all accrued interest/servicing fees due that that time. As with all reverse mortgages, the loan also becomes due upon death of the borrower. There are several other potential maturity events such as sale of the property, death of the borrower, a change in the owner-occupied use of the property, non-payment of property taxes or insurance, or allowing the property to fall into disrepair. Please see our Note and Deed of Trust for further details.
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