What happens to your home when you pass away and have a reverse mortgage? Will your children be able to keep the house? What if the loan balance exceeds the property's value? And what protections may apply to a surviving spouse?

In this interview-style episode, Lydia Wietsma asks Cheryl Scheidell the questions homeowners and families need answered. They discuss reverse mortgage repayment, inheritance, surviving spouses, selling a family home, and practical steps homeowners can take to prepare their families for the future.

Topics include:

• What happens to a reverse mortgage when the borrower passes away.

• Options heirs may have to keep or sell the home.

• What the HECM non-recourse feature means.

• Surviving-spouse considerations.

• How a reverse mortgage may affect the equity available to heirs.

• Why family conversations and estate planning matter.

• Practical steps homeowners can take now.

Upcoming Reverse Mortgage Educational Sessions

• October 28, 3:00–5:00 PM — Scottsdale

• November 17 — Tempe

Visit ReverseMortgageAndBeyond.com for event details.

Contact Cheryl Scheidell

Reverse Mortgage Specialist / Senior Mortgage Loan Originator
Barrett Financial Group, L.L.C.

Phone: 480-817-4324
Email: cheryls@barrettfinancial.com
Website: ReverseMortgageAndBeyond.com
YouTube: @reversemortgageandbeyond with Cheryl Scheidell

Contact Lydia Wietsma

NextHome Power Realty
Phone: 602-363-1720
Email: lydia@arizonapoweragent.com
Website: ProbateRealtyHelp.com

Listen: Sundays at 3:30 PM Arizona time on AM 960 KKNT, The Patriot.

Educational Disclaimer: This program is for educational purposes only and does not constitute legal, tax, investment, or individualized financial advice. Reverse mortgage eligibility, terms, protections, and repayment requirements vary by loan type and individual circumstances. Consult your loan servicer and qualified legal and financial professionals regarding your situation.

Barrett Financial Group, L.L.C. | NMLS #181106
Cheryl Scheidell | NMLS #886425
Equal Housing Lender
nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106

This is not a commitment to lend. All loans are subject to credit approval and applicable program requirements.