An opposite home loan try a low-recourse mortgage, for example the brand new debtor (or perhaps the borrower’s house) of a contrary mortgage doesn’t are obligated to pay more the long run mortgage harmony and/or value of the house, whichever was smaller. In the event your debtor or agencies regarding his or her home choose to sell the property to repay the opposite real estate loan, zero possessions other than our home could be regularly pay off your debt. Whether your borrower or their particular home wishes to retain the property, the bill of the mortgage have to be paid in complete.