Video — How Does A Reverse Mortgage Affect Your Heirs?

Does A Reverse Mortgage Leave Home Value For Heirs Or Estate? When the home is sold or the owner dies, the principal, interest and other finance charges must be paid. All proceeds or equity beyond this belong to the borrower’s estate. Reverse mortgages do NOT encumber heirs or estates with debts. If you are inheriting an estate with a home involved in a reverse mortgage, contact the servicer of the loan with details of your situation to learn about your next steps.