top of page
Search

What Does it Mean, When The Lender Says My Reverse Mortgage Loan is "Terminated?"

  • Writer: Karen Keyser
    Karen Keyser
  • Jun 8, 2025
  • 1 min read

FACT: This is not meant as a negative event.


This usually happens when:


● You move out permanently (not on an extended vacation, hospitalized, or recovering in rehab)


● The last remaining spouse living in the home passes away


● You choose to sell the home


● You choose to refinance the home into another loan (Reverse or Traditional mortgage)



Disclaimer: The information provided is based upon education, solid knowledge, experience, and research; however, it should not be considered professional legal advice. Consult a legal professional with regard to your specific situation.

 
 
 

Recent Posts

See All
Closing Costs Revealed!

Closing Costs are required costs associated with the closing of ANY real estate transaction. If the transaction is “Cash Only” and there...

 
 
 

Comments

© 2023  This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Department of Real Estate, Broker # 01821025; Idaho Department of Finance, Broker license # MBL-9475; NMLS# 135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of CA, ID.

​

bottom of page