Non-recourse

Non-recourse is a protection offered with certain types of reverse mortgage loans that prevents the borrower or the borrower’s heirs from being personally liable if the loan amount exceeds the home value when it comes due.

Jump to…

Occupancy Clause

When you apply for a reverse mortgage, lenders must conduct...

See More arrow

Principal

When you apply for a reverse mortgage, lenders must conduct...

See More arrow

Recent Articles

What Is Home Equity?

What Is Home Equity?

The average price of a house in the US is $428,700 in 2022. Owning a home offers a range of benefits, and one of those is establishing...

read more
How to Get a Reverse Mortgage

How to Get a Reverse Mortgage

Are you nearing retirement and curious about what a reverse mortgage is? Ready to tap into your home equity? A reverse mortgage could be a...

read more

Find out if a GoodLife Home Loans reverse mortgage is right for you.