Protect Your Heirs: Recourse vs. Non-Recourse Loans Explained

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Retirement Solutions for All Ages

Ruth Johaningsmeir

20 episodes

1 day ago

Welcome to Retirement Solutions for All Ages, the podcast that cuts through the noise and provides clear, actionable financial insights for every stage of life. Join Ruth, The Retirement Mortgage Expert, as she tackles the real-life questions and hidden truths about money, homeownership, and securing your financial future. From demystifying the magic of compounding interest for young professionals just starting their careers, to navigating complex family dynamics around aging parents, to debunking outdated mortgage myths, Ruth shares practical strategies and empowering perspectives.

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All content for Retirement Solutions for All Ages is the property of Ruth Johaningsmeir and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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Protect Your Heirs: Recourse vs. Non-Recourse Loans Explained | Retirement Mortgage Strategies

Retirement Solutions for All Ages

10 minutes 57 seconds

1 week ago

Protect Your Heirs: Recourse vs. Non-Recourse Loans Explained | Retirement Mortgage Strategies

What happens to your mortgage debt after you’re gone—and could it impact your heirs?

In this episode of Retirement Solutions for All Ages, Ruth, the Retirement Mortgage Expert at NEXA Mortgage, breaks down one of the most important (and misunderstood) topics in retirement and estate planning: Recourse vs. Non-Recourse Loans.

You’ll learn:
• What recourse loans are and how they can affect your estate
• Why traditional mortgages and HELOCs may expose heirs to liability
• How non-recourse loans—like a HECM reverse mortgage—protect your legacy
• What your heirs actually face when inheriting a home
• How the right loan structure can reduce family conflict and financial stress

Understanding this distinction can save your loved ones from unexpected debt, legal complications, and unnecessary emotional strain. Your home is more than a place to live—it’s a cornerstone of your legacy.

📞 Connect with Ruth, The Retirement Mortgage Expert
Phone: 828-888-LOAN (828-888-5626)
Email: Ruth@NEXAmortgage.com

👍 If this episode helped you, please like, subscribe, leave a review, and share it with someone planning for retirement or estate protection.

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#RetirementPlanning #ReverseMortgage #RecourseVsNonRecourse #EstatePlanning #ProtectYourHeirs
#HECM #MortgageEducation #LegacyPlanning #NEXAMortgage #RetirementSolutions