{"id":99,"date":"2011-11-16T20:07:47","date_gmt":"2011-11-16T20:07:47","guid":{"rendered":"http:\/\/5612512859.swiftwebdesigner.com\/?p=99"},"modified":"2011-11-16T20:07:47","modified_gmt":"2011-11-16T20:07:47","slug":"can-the-lender-take-my-home-away-if-i-outlive-the-loan","status":"publish","type":"post","link":"https:\/\/ocreverse.com\/webadmin\/can-the-lender-take-my-home-away-if-i-outlive-the-loan","title":{"rendered":"Can the lender take my home away if I outlive the loan?"},"content":{"rendered":"
No! The lender can\u2019t take your home even if you outlive your \u201clife expectancy\u201d. You do not need to repay the loan as long as you or one of the borrowers continues to live in the house and keeps the taxes and insurance current. You can never owe more than your home’s value. If your home\u2019s value goes down, the lender takes the loss. Your heirs or estate can never be responsible for amounts that exceed your home\u2019s value. This is called a\u00a0Non-recourse\u00a0loan.<\/p>\n","protected":false},"excerpt":{"rendered":"
No! The lender can\u2019t take your home even if you outlive your \u201clife expectancy\u201d. You do not need to repay the loan as long as you or one of the borrowers continues to live in the house and keeps the taxes and insurance current. You can never owe more than your home’s value. If your …<\/p>\n