Reverse Mortgage Payoff FAQ

Yes, the new HCS Equity loan can be repaid anytime without any sort of prepayment penalty or minimum months of interest due.

The new loan will be made to the estate or trust unless the property is ready to be transferred to the beneficiaries.

The process can take anywhere from a few days to a few weeks depending on the reverse mortgage servicing company, and responsible parties of the property/estate. HCS Equity will work closely with all parties to determine the best plan of action to pay off the outstanding reverse mortgage.