What happens to my estate?
By the ReverseGuide team · Reviewed by [licensed mortgage agent] · Updated November 4, 2026
When the last borrower dies or moves out, the reverse mortgage is repaid, usually by selling the home. Your estate keeps whatever is left after the loan and interest are paid, and lenders generally guarantee your estate won't owe more than the home's fair market value.
When the loan comes due
Death of the last borrower, permanent move, sale.
What your family needs to do
Notice to the lender, the time allowed to sell or repay.
Keeping the home in the family
Heirs can repay the loan instead of selling.
The no-negative-equity guarantee
How it works and the conditions attached.
Talking to your family
Why to involve them early; independent legal advice.