---
title: What happens when parent dies with reverse mortgage?
description: "When a parent dies with a [reverse mortgage](https://reversemortgageresourcecenter.com/reverse-mortgage/), their estate is responsible for repaying the loan. This can be done by selling the home to repay the loan or refinancing it into a conventional mortgage, or paying off the loan…"
url: "https://reversemortgageresourcecenter.com/faqs/what-happens-when-parent-dies-with-reverse-mortgage/"
updated: "2023-02-23"
category: Reverse Mortgage
---

# What happens when parent dies with reverse mortgage?

When a parent dies with a [reverse mortgage](https://reversemortgageresourcecenter.com/reverse-mortgage/), their estate is responsible for repaying the loan. This can be done by selling the home to repay the loan or refinancing it into a conventional mortgage, or paying off the loan with other assets. If insufficient funds are available to repay the loan, then the lender will take ownership of the home.

[FAQ What happens when parent dies with reverse mortgage? | Reverse Mortgage Resource Center](https://www.youtube.com/embed/_pmuq0KFiJ8?list=PLIXdz9DLAFTC05MDPc_5QjKBB13v61zWS)

[![What happens when parent dies with reverse mortgage?](https://reversemortgageresourcecenter.com/wp-content/uploads/2023/02/What-happens-when-parent-dies-with-reverse-mortgage.jpg)](https://reversemortgageresourcecenter.com/wp-content/uploads/2023/02/What-happens-when-parent-dies-with-reverse-mortgage.jpg)