Q: So why do I receive Occupancy Certificates? A: All the opposite mortgages require that you sporadically certify you keep to reside in the latest mortgaged possessions as your first house. You ought to truthfully attest to the occupancy standing with this Occupancy Certification by the signing the new certificate and you will coming back so it Occupancy Certificate so you can your loan servicer. Incapacity to-do this Occupancy Certificate regularly could possibly get cause a disturbance on your own contrary mortgage payments that can fundamentally end up in a default throughout the terms of the loan contract. Continue reading →