My Mother had a reverse mortgage loan for about nine years. At the start of the loan ,an annuity premium of $3735.00 was added to the to the loan. This was to pay her if she lived 14 years into the loan.,but she did not . Should that amount be deducted from the total amount of her loan?
Is an annuity refundable against a reverse mortgage loan if the borrower dies before annuity payments are made?
24
Apr