Yes! A reverse mortgage loan can be paid off at any time. In fact, most reverse mortgage loans have NO pre-payment penalties. So, if you happen to win the lottery after you get a reverse mortgage loan, feel free to pay it off! Or not...it's up to you.
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Laura Funderburk is a highly sought after reverse mortgage loan specialist in Dallas, Texas. She has focused on this specialty loan for many years and stays up-to-date on the latest trends and changes. She is known for helping retirees supplement their retirement income using a reverse mortgage loan without being pushy or overbearing.
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