Comments for McGowin-King Mortgage https://mcgowinking.com Values Matter Fri, 02 Feb 2024 16:59:48 +0000 hourly 1 https://wordpress.org/?v=6.9.4 Comment on What is a non-recourse loan? by Getting the facts straight about reverse mortgages . . . | McGowin-King Mortgage https://mcgowinking.com/what-is-a-non-recourse-loan/#comment-2 Fri, 11 Sep 2015 19:55:37 +0000 http://mcgowinking.com/?p=889#comment-2 […] A reverse mortgage is a WIN-WIN.  It is a non-recourse loan which means that the house alone stands for the debt.  There is no personal liability to the borrower or their heirs. What this means is if the loan balance is greater than the home is worth, you don’t have to pay the deficit. For details on what a non-recourse loan is, click here.  […]

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