What if one of the co-borrowers passes away or must move out for health reasons?

The other borrower continues to own and live in the home — and enjoy all the benefits of their HECM. All borrowers on title and on the HECM mortgage enjoy the same protections and privileges. Assuming all other terms of the HECM are met (like paying property tax and insurance) it is only upon the leaving of the home of the last borrower that the HECM is called Due and Payable.

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