It is a help when tracing your family history to know something about the origin of and evolution of Irish names and particularly how names have changed over the centuries.
Repayment mortgage. With repayment mortgages you pay the interest and part of the capital off every month. At the end of the term, typically 25 years, you should manage to have paid it all off and own your home.
The good news for heirs is that reverse mortgages are nonrecourse loans. That means if the loan amount exceeds the home's value, the lender cannot go after the rest of the estate or the heirs' other assets for payment.early all reverse mortgages are federally backed Home Equity Conversion Mortgages. The homeowner doesn't make payments on the loan while living in the house, but the loan becomes due at the death of the last borrower. Heirs get an initial six months to deal with the loan payoff.