Alert
Close

AARP Family Vacation Photo Contest. See official rules

Highlights

Open

Contests and
Sweeps

Enter the AARP Family Vacation Photo Contest

No purchase necessary. Ends 5/31/15. See official rules. 


Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

A content source needs to be selected.

Happy African American couple

AARP Books

Visit the Books Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

Jobs You Might Like

most popular
articles

Viewed

Ask the Experts

Who Pays Off Deceased's Reverse Mortgage?

Q. My father took out a reverse mortgage before he married his new wife. Now that Dad has died, who is responsible for paying off the reverse mortgage?

A. Whoever inherits the house—most likely the spouse—must pay off the reverse mortgage, which becomes due when the borrower dies. Interest continues to be charged on the unpaid loan balance, so it’s to the heir’s advantage to repay the loan as soon as possible.

The home would have to be sold only if neither his estate nor his widow could arrange to refinance or take out a new reverse mortgage.

Source: Sally Hurme, AARP

 

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Advertisement

The Cheap Life

Jeff Yeager Cheap Life Ultimate Cheapskate AARP YouTube web series save money

Catch the latest episode of The Cheap Life starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

member benefit aarp financial service auto insurance

AARP® Auto Insurance Program from The Hartford offers members no-cost quotes.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

Woman holding smartphone in city, Google map tool

Members can find discounts on the go via the AARP® Member Advantages Offer Finder app.

Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points

Advertisement

Advance your skills. Transform your career.

Explore your learning possibilities.