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Top field-tested cleaning tricks for 2022

We’ve gone through endless online cleaning tips to find ones we’re certain you can easily incorporate into your routine to get your home extra clean. Our only requirements were that the cleaning tip was quick to do, didn’t require any special equipment, and made an impact on how clean our house feels. Only the best-of-the-best and most useful tricks have made it into our field-tested tips.

Remove mold and stains from your toilet water tank

Citric acid occurs naturally in fruits like lemons and limes. It’s often used as an active ingredient in kitchen and bathroom cleaning solutions. You can find it wherever home canning supplies are sold.

To clean your water tank, make sure the water is turned off and flush the toilet to drain as much water as possible. Pour a bucket of warm water into the tank and add about ¼ cup of citric acid. Let it sit for an hour, then turn on the water and flush.

Freshen your garbage disposal
“Something I learned is to make sure to clean the rubber cover over your disposal. The bottom part gets dirty with food,” says Alexandra. Run baking soda, vinegar, and hot water through the disposal to neutralize the odor and clean out the remaining food.

Keep your mattress clean
Dan found keeping his mattress fresh and moisture-free was easy using common household baking soda. “Shake baking soda on your mattress and let it sit for a while. Then, just vacuum it up!”

Baking soda works wonders as a cleaner and deodorizer. It’s gentle, non-toxic, and an alternative to expensive store-bought solutions. Sprinkle a little on your cutting board, scrub, and rinse to freshen it. Add ½ cup of it to your load of laundry to boost colors and help remove stains. There are endless ideas for ways to clean with it.

De-stink your frontload washing machine
Ever notice the little hatch on the bottom of your machine? It’s how you access the machine’s filter. Pry open the hatch, drain the water from the tube, then pull the filter out to clean it. If you haven’t done it before you’ll probably find all sorts of gunk that’s causing your laundry (and frontload machine) to smell musty.

Stephanie learned to keep her machine fresh by wiping the door, soap drawer, and rubber gaskets with a little water and vinegar. She recommends this video for a quick tutorial on how to get your frontload machine stink-free.

Dust fan blades
Spray the inside of an old pillowcase with a cleaner, then place the whole blade into the case. Now, wipe the top of the blade with the case and the excess dust will fall into the case, not onto you or your floors. “I always do this when I’m cleaning my bedroom fan now. It hangs over my bed, so this trick keep my fan and my bed clean!” says Jessie.

Don’t forget about baseboards
A lot of dirt and pet hair builds up on and alongside your baseboards. Dedrean found that going over his with the vacuum every time he cleaned his floors helped keep his home clean. Another easy trick is to run a dryer sheet along your baseboards to repel dust for a few months.

Clean the outside of your fridge
We all know to clean our shelving and drawers, but Pete says cleaning the outside of your fridge is just as important. “The old ones get especially dusty, so pull it out and vacuum the coils on back as well as the area under the fridge.” Newer models have coils under the fridge. Pete recommends cleaning them once in a blue moon, but experts recommend doing it every six months.

The benefit to getting rid of all that dust and pet hair? It helps the coils push out heat and keep your foods colder.

Still want more tips?
For those of us who can’t get enough tips, Amber recommends almost everything on Go Clean Co’s Instagram page where they go over ways to clean almost everything using basic household cleaning products like powdered Tide, Windex, Dawn dish soap, white vinegar, and scrub brushes.

Getting a loan to buy a rental property

Rental properties are one way of making money in real estate. Rentals may bring you income, but managing them can be an expensive and time-consuming task. For those who find the income from a rental worth the work they’ll put into it, how can they afford to purchase the property? One solution is through a lesser-known loan product.

>> Decide whether becoming a landlord is worth it.

The DSCR mortgage

It stands for debt service coverage ratio. Basically, it’s a formula designed for property investment loans that uses the property’s income potential rather than your financials to determine whether you’re eligible to receive a loan.

DSCR = annual net operating income / annual mortgage debt

Say the property you would like to purchase will make a net income (after taxes and other expenses) of $150,000 a year. And your loan payment totals $130,000 a year. Divide the net income by the loan payment. The answer you get is your DSCR ratio. In our example, it would be 1.15.

If you’re unsure how much income your property will make, it’s ok. Your loan officer will do their own supplemental report called a market rental analysis to find out.

There isn’t a DSCR ratio that guarantees you’ll get a loan, but the higher the number the better your chances. Anything above 1.0 shows the property, at least, won’t lose income. Your lender will use their calculation of your DSCR, documentation showing you have adequate assets, and your credit score to decide whether to extend credit to you.

Benefits of a DSCR loan

  • Unlike a traditional mortgage, you don’t need to provide your income, employment verification, or paystubs to qualify.
  • If you have employment gaps or are self-employed it won’t impact your eligibility to receive the loan.
  • The loan can close in an LLC’s name instead of yours – keeping your personal finances out of the transaction.
  • The closing time may be faster since the underwriting team won’t have to verify your employment or job history. This speed may help during a bidding war to ensure your property purchase goes smoothly.

Features of a DSCR loan

  • It requires a minimum of 15% down payment.
  • They come in loan terms of either 15 or 30 years.
  • You can get a loan of $100,000 to $4,000,000 to purchase your property.
  • You can use the loan to purchase residential investments and some light mixed-use investments. That means you can purchase an apartment building and possibly even an apartment with either a commercial or industrial rental space.

We are here to help you with your DSCR loan

Investing in residential property has a lot of benefits, but it’s best to work directly with a local loan officer to help you decide whether it’s the right financial move for you. Meeting with a Mann Mortgage loan officer to discuss your loan options is always free. We’re happy to calculate your DSCR, go over the loan program, and answer any questions you may have. Buying an investment property is a big move, and we want to make sure you make the best choice for your financial goals.

Outside Magazine says Mann Mortgage is one of the best places to work in the US

Mann Mortgage earned a place on Outside magazine’s 50 Best Places to Work in 2021, making this the second year in a row we’ve made the list. We are the only mortgage company or home loan provider to be included. We were recognized for our benefits, work-life balance, job satisfaction, and trust in our leadership. This honor was announced on the heels of being named a Top Mortgage Workplace by MPA just weeks ago.

“Making Mann Mortgage a great place to work and do business is our priority no matter what. Since January 1 of 2020, we went from just 25 remote or hybrid employees to 185 today. That’s 40% of our workforce now working outside the office,” says Jason Mann, CEO. “Our employees made this big adjustment, stayed true to our core values, and kept Mann Mortgage a great place to work. I find that inspiring! For Outside to find it inspiring too and include us among their list of incredible organizations again this year is a great honor.”

Outside accepts submissions from companies around the U.S. to be included in their prestigious list of Best Places to Work. Each company’s workplace culture, demographics, work-life balance, and perks of the job are evaluated. In addition, they do an extensive anonymous survey with current employees to get their take on the work environment. Only those companies that excel in both areas – providing excellent company benefits and getting great reviews from employees – make it to the list of 50 Best Places to Work.

“We are spoiled in unique ways,” said one employee. “From getting our birthday off to $100 meal reimbursement on our work anniversary, we feel supported in and out of work.”

Mann Mortgage employs just under 500 people across the United States. In addition to traditional benefits, we offer our diverse team a variety of non-traditional benefits that add to our award-winning cultures. A few highlights include a bonus incentive, happy hours, lifestyle reimbursement program, onsite fitness center with classes, company gatherings, and a healthy wellness plan.

“This award is a great reminder that our employees are happy. They work hard, support each other, and have fun along the way,” said Tara Tucker, HR manager. “We want Mann to be a positive place where people are excited to come to work and have a voice in the company.”

We’re hiring

Mann Mortgage is always on the lookout for talented and fun-loving people to join our corporate and branch teams. We hire for positions such as loan originators, processors, quality control, underwriters, and construction loan specialists. You can view and apply for open positions at or email your resume and cover letter to

What does it mean to refinance your loan?

What is a mortgage refinance?
A mortgage refinance is a process of replacing the terms of an existing mortgage. Most often, homeowners use a refinance to take advantage of better interest rates so they can lower their monthly payments. But they can also refinance to change the type of loan, adjust the length of the loan, or take out cash from their home’s equity.

How does a refinance work?
The process usually starts with the borrower working with their loan officer to select a new loan that will give them the terms they need. The borrower then completes the application process for the new loan. Next, the mortgage underwriters review the refinance loan application and determine whether the borrower’s payment history, credit, income, employment, assets, and cash reserves make it likely they will pay back the loan. If the loan is approved, the borrower would close on the loan, the funds would be used to pay off the original mortgage, and the borrower will make monthly payments to pay off the refinance amount (with, hopefully, more favorable terms than the original).

When to consider refinancing

Get a better interest rate. As a homeowner builds equity in their home, they may have access to better mortgage options. As interest rates lower, homeowners can save hundreds of dollars per month by refinancing.

Pay off a mortgage sooner. If a homeowner can make larger payments, they may consider refinancing to shorten the term of their loan. This may be an especially smart option if interest rates have dropped since they can take advantage of the interest rate savings to lessen the cost of the reduced number of mortgage payments.

Get a different type of loan. Borrowers with an adjustable-rate loan may want to refinance to a fixed-rate mortgage. Though they often have higher interest rates (especially compared to the first few years of an adjustable-rate loan), they’re stable. And it’s easier to plan for your financial future knowing exactly how much you’ll be paying each month. If interest rates fall to a new low, it might be worthwhile to lock in a low rate for the full term of your mortgage.

If homeowner has 20% equity in their home, they may want to refinance out of a loan that requires mortgage insurance premiums to a conventional loan (which doesn’t require it for borrowers with a 20% down payment). This strategy could save the borrower from having to pay any extra for the insurance premiums.

Get cash. A cash-out refinance replaces an old mortgage with a new loan for a larger amount. The borrower can keep the difference in cash to use for home renovations, pay down high-interest debt, or fund a large purchase. When interest rates are low, this may be a great option to pay for items that would typically be financed through a higher-interest loan (like a credit card).

How much does it cost?

If your refinance is approved, you’ll pay fees when the loan closes. Typical fees include the cost for origination, credit report, home appraisal, home inspection, title search, recording, and reconveyance fee. All total, the closing costs are around 2% to 5% of the total loan amount.

A borrower will have to consider the cost to refinance before they decide whether it’s a good financial option for them. Refinancing for a lower rate is great for homeowners who plan to stay in their house for many years. For borrowers that are considering moving, it may cost more to close on the refinance than they would save in the short amount of time they’ll be in their home.

How many times can a borrower refinance?
Legally, a borrower could do it as often as they wanted. But a mortgage lender will likely have their own rules around how often it can be done.

Should you refinance?

If you’re wondering whether you should refinance, talk to your local Mann Mortgage loan officer. It’s a complex financial transaction, and you’ll want an expert to crunch the numbers, go over closing costs, and together decide whether now is the right time for you to refinance. Learn more about refinancing at

Do sellers have to disclose a death or haunting?

Half of us knock on wood, wish upon a star, and won’t open an umbrella inside. We’re superstitious. And a home with murder, death, and ghosts are definitely bad feng shui. But how do you know if a house you’re considering buying has had any of those spooky occurrences? What does the seller have to disclose?

A peaceful death in the house

It’s usually not necessary for a seller to disclose a peaceful death unless the buyer asks. Keep in mind that a vast majority of us (80%) hope to die at home. So it’s not always a bad thing to have someone have died in the house. A peaceful death in a home is fairly common (20% of people die at home) and not something most states require a homeowner to disclose. California, South Dakota, and Alaska are a little different though. In these states, they do have to disclose it if it happened within the past three years. Everywhere, however, some types of death (such as by AIDS) cannot be disclosed.

If the death was directly related to the house, as example, if someone was killed by falling down the basement stairs because there was no railing, almost every state will require it to be disclosed (even after the safety issue was corrected).

Violent death in the house

Murders and suicides are a different story. Most people don’t want to build a life where tragic things happened. In the case of a violent death, the property is considered stigmatized. Like a physical defect such as water or fire damage, a violent death is something that can affect the home’s value. Sellers in many states are required to disclose the events.

See what must be disclosed in your state:

Ghost in the house

If a home is known to be haunted – either in the community or nationally, it’s treated differently than if the homeowner only feels like it’s haunted. Famously haunted houses are stigmatized and its value and potential to sell is impaired. These types of hauntings should be disclosed. If an owner has seen a few strange things during their time in the house, but it has never been officially documented, they’ll probably keep this knowledge to themselves.

What can you do?

In general, the rule is “buyer beware” when looking to purchase a property. Do your own research. Ask questions. And talk with your real estate professional if you have any concerns. Companies like can even provide you with a report on deaths, drug activity, fires, and other information you may want to know before you buy.

If you have any questions about getting a loan for a spooky property, talk to your local Mann Mortgage loan professional. They live in your community and can help you find the neighborhood with the best Halloween parties. Find your local loan officer:

Members of latest Champions Club announced

Mann Mortgage announced the winners of its annual loan officer awards program, the Champions Club. Membership in the club is based on how many loans the individual has closed in their communities over the year. This year’s winners come from offices across the United States and represent the best of the best.

“These men and women have done an incredible job. They’re all small hometown lenders and they’re working directly with borrowers. They’re creating personal connections and really getting to know each borrower so they can suggest the right loan product for their needs,” says Cassidy O’Sullivan, chief strategy officer.

Award recipients are broken into two categories. Champions Club and ChairMANNs Elite.

Champions Club members are our top 20% of performer. This year, they are:

  • Tony Reynolds of Kalispell, Montana
  • Bernie Dittenhofer of Hood River, Oregon
  • Betsy Rispens of Helena, Montana
  • Brady Angelos of Allied Mortgage Resources in La Grande, Oregon
  • Brody O’Connor of Homeseed Home Loans in Bellevue, Washington
  • Chad Cole of Missoula-South, Montana
  • Christa Nadeau of corporate loans
  • Colin Myers of Monument Home Loans in Arlington, Virginia
  • Cory Henderson of Reno, Nevada
  • David Dohman of Wet Lynn/Lake Oswego, Oregon
  • Davis Kempton of Silver City, New Mexico
  • Doug Olson of Kailua, Hawaii
  • Jake Van Cleave of Redmond, Oregon
  • Jennifer Bunton of Great Falls, Montana
  • Jodi Krause of Life Mortgage in Longview, Washington
  • Jonathan Hughes of Lewiston, Idaho
  • Juan Baltazar of Homeseed Home Loans in Bellevue, Washington
  • Justin Blodgett of Missoula, Montana
  • Keith Valentine of Kalispell, Montana
  • Lara Hawkinson of Clatskanie, Oregon
  • Matthew Brown of Eugene, Oregon
  • Matthew Fleming of Las Vegas, Nevada
  • Michelle Fiala of Allied Mortgage Resources in Baker City, Oregon
  • Mike Hogan of Chimney Rock Mortgage in Spokane, Washington
  • Mike Yutzy of Las Vegas, Nevada
  • Narda Lopez of Idaho Falls, Idaho
  • Salvatore Viti of Las Vegas, Nevada
  • Sarah Bender of Homeseed Home Loans in Bellevue, Washington
  • Shane McChesney of Kalispell, Montana
  • Steve Thurston of Great Falls, Montana
  • Tanya Torres of Eugene, Oregon
  • Toby Gilchrist of Whitefish, Montana
  • Valerie Mills-Smith of Allied Mortgage Resources in La Grande, Oregon
  • Vickie Tuskan of Virginia, Minnesota

And the ChairMANN’S Elite winners, who represent the top 5% of our loan officers:

  • Angelina Rice of Life Mortgage in Longview, Washington
  • Carolyn Cole of Polson, Montana
  • Chris De Leon of Homeseed Home Loans in Bellevue, Washington
  • Corey Hill of Helena, Montana
  • David VanScoyk of Safford, Arizona
  • Deb Criddle of Idaho Falls, Idaho
  • Isaac Morris of Stafford, Arizona
  • Julie Lapham of Missoula, Montana
  • Mike Flores of Low Cost Mortgage in Colorado Springs, Colorado
  • Rob Fleming of Missoula, Montana
  • Robert Martinson of Monument Home Loans in Arlington, Virginia
  • Ru Toyama of Monument Home Loans in Arlington, Virginia
  • Ryan Howard of Las Vegas, Nevada

Congratulations to this year’s winners. Each receives travel, lodging, and meals for themselves and a guest at the next award ceremony location in addition to a selection of other perks.

Join Mann Mortgage’s award-winning team. See job opening at

Is your house haunted or needing repairs?

The first step in determining whether your house is haunted is trying to debunk what’s happening. Older homes, failing appliances, and living pests are sometimes to blame for odd occurrences. Start by looking into the most common home issues that are mistaken for hauntings.

Easy to debunk

Doors slamming shut
Check for drafts. Try opening and closing a few doors and windows to see whether they create a breeze or pressure that can open your doors. You should also grab a level to check whether your home is off a few degrees. It’s possible gravity is pulling your doors shut. For windows, check to make sure they’re being held open securely.

Knocking on walls
A lot of older homes have plumbing or heating elements that make noise. Pay attention to when the knocking begins – is it right after a toilet is flushed or the heater kicks on? You can also contact an exterminator to look for mice, raccoons, or other animal infestations. They might be responsible for noises as they walk through your home or get stuck in your walls.

Strange smells
If you smell something odd in your house, stop and take a moment to figure out where it’s coming from. As a human, you’ve got a better sense of smell then you likely realize. You can recognize thousands of smells, even when they’re practically imperceivable. Dead rodents, old food, outdoor smell, even scents left by previous homeowners can make their way into your nose. If you smell something odd, pause, breathe deep, and try to follow the scent to its source.

Objects falling from shelves or walls
Like doors slamming shut, this might be due to a breeze. Check for open windows and try closing and opening doors in the room where the object was location to see if it creates airflow that might knock the object down. Vibrations could also be to blame. Do large trucks regularly pass by your house? Sometimes even heavy footsteps can be enough to jolt an object.

Harder to debunk

Dark shadow forms
This one is a little harder to blame on common household problems. If you see an odd shadow, remain calm and investigate where you saw the shape. Perhaps there’s an old water stain on the wall or shadow being cast by a car’s headlights outside.

A weird feeling
Check for carbon monoxide in your home. It’s a colorless and odorless gas produced through burning wood, propane, and other fuels. Being poisoned by it often has symptoms we’d associate with a classic haunted house: headaches, paranoia, a sense of dread, weakness, confusion, and more. Make sure to check your carbon monoxide detectors are working or ask a professional to check for leaks.

Learn more about carbon monoxide and its impact on you:

A house in disarray
If you come home or wake up to a house that’s been ransacked – cabinets opened, contents spilled, chairs upturned, install a camera. Your pet or an animal intruder may be causing the mess, but it’s more likely a human doing it. Sleepwalkers or intruders may be to blame and catching them on camera is your best way to know for sure. Set up a camera to see whether you can catch the disruptor.

Next steps

If your house needs improvements more than it needs a ghost hunter, Mann Mortgage may be able to help. Your local loan officer can go over your options for a cash-out refinance or other way to get funds to make needed repairs.

Find your local Mann Mortgage loan officer:

If you can’t debunk the weird things happening in your home, share your experiences with your roommates or family members. A Newsweek poll shows 45% of Americans believe in ghosts, so you’ve got a good chance they will take your experiences seriously.

Mann Mortgage again named a Top Mortgage Workplace by MPA

Mann Mortgage has again been recognized for its extraordinary work culture, earning a spot on the Mortgage Professionals America (MPA) 2021 Top Mortgage Workplace list. This is the third year in a row the hometown lender has joined the handful of distinguished mortgage companies from around the country.

“Our employees are what make this an incredible place to work. They’re the heart and soul of the Mann family,” says Mann Mortgage’s CEO, Jason Mann. “They are excelling at both helping people in their community find a great mortgage and making Mann Mortgage a healthy and fun workplace.”

To receive the award, Mann Mortgage had to provide MPA compelling data on their compensation, benefits, initiatives, diversity, and workplace culture. In addition, employees were asked to complete an anonymous survey to see how they felt about their opportunities and experience at Mann Mortgage. Only the mortgage workplaces where the company provides great benefits and initiatives and the employees give the culture high-marks will win the award.

“It all comes down to our workplace culture,” says chief strategy officer, Cassidy O’Sullivan, of the win. “Instead of a top-down approach of management talking down to employees, we have an open dialogue. Loan officers can talk directly to upper management. It’s a win-win. Loan officers feel heard and management gets a pulse on what’s going on in the local markets.”

MPA uncovers the absolute best workplaces in mortgage for the annual Top Mortgage Employer report. All companies, from large national mortgage brokerages to local regional agencies, are encouraged to submit their application for the award. Winners are recognized based on the evaluation of metrics including their culture, benefits, employee development, and more – solidifying their standing as a mortgage employer of choice.

Over the past two years, Mann Mortgage has been ranked a best place to work by multiple national and regional organizations including #12 Best Place to Work by Outside magazine, #1 Top Workplace in Montana, a Top Workplace in the USA, a Top Workplace in Oregon, as well as numerous other awards.

For more information about joining the Mann Mortgage team visit our careers page.

Mann Mortgage’s James Hedvall named a 2021 Housing Industry Icon by MPA

MPA’s Housing Industry Icons report celebrates the professions who have moved the industry forward and improved the home-buying and lending processes on every level. For their inaugural year, 21 mortgage professionals and six mortgage technology professionals were given the award.

James Hedvall, chief capital markets officer at Mann Mortgage was one of the distinguished winners. With more than 18 years in the industry, James is a pro. His expertise is in secondary and capital markets and he’s worked across retail, wholesale, as well as correspondent lending – giving him an incredible amount of experience.

With great experience comes great advice. The mortgage industry can potentially be a lucrative career where hard work pays off, and James has some incredible insights on getting started, the future of the industry, and what makes a great place to work.

Getting into the mortgage industry

“The great thing about mortgage banking, in my opinion, is that the barrier to entry is relatively low; hard work and showing up every day gets noticed almost immediately,” he says.

James oversees the secondary marketing, servicing, and product development departments for Mann Mortgage. In this role, he establishes the analytics, strategies, and internal controls which allow the company to compete in an ever-changing mortgage environment

The key to success in the ever-changing industry? “Strive to become an expert in your area, and your career path is limitless,” he says.

Making a successful career

Looking back, James credits two bosses early in his career who took the time to teach him 90% of what he knows of secondary marketing. “I owe them a huge debt of gratitude,” he says.

And now, as a boss himself, James tries to pay-it-forward in his own department. He takes time to teach the “how” as well as the “why” of things they are doing as a department and as a company.

Looking ahead

Over the past 10 years, leveraging technology has allowed the industry to change for the better. From the way borrowers fill out an application, the way mortgage banks process loans, and how they are sold on the secondary market, innovative technology is a main driver. And all indications point toward this being a continuing trend for the next 10 years.

But James cautions not to forget the industry is still a relationship-based transaction on so many levels.
“Borrowers still desire the guidance of loan officers, loan officers still rely on knowing processors, underwriters, and who is funding their files. I doubt we’ll ever move away from that in any meaningful way,”

What makes for a good place to work?
To James, it all boils down to a few simple philosophies: treat everyone well and work with great people.

James saw something special at Mann Mortgage when he chose to join the team, and, years later, he’s still glad to be part of it. “Our president and CEO treats everyone who works here with compassion, respect, and integrity,” he says. “This isn’t a management style or technique, but it’s rather who they are as people. This permeates through our organization.”

He stresses that it’s the people that make coming to work fun most of the time, “I have a great department. It enjoy being a passenger on the pirate ship I helped create, and I look forward to what the future brings for this great company.”

Careers at Mann Mortgage
Mann Mortgage helps qualified borrowers fulfill the dream of home ownership. The company provides a highly personalized service to their customers – from finding the best financing option to answering questions during the loan approval process. Their goal is to make the loan experience as uncomplicated as possible. The company was voted the #12 Best Place to Work in 2020 by Outside magazine, 2021’s #1 Top Workplace in Montana the category of large employers by Lee Enterprises, a 2020 Top Mortgage Workplace by MPA, and many other awards.

Learn more about career opportunities and how to join the Mann Mortgage team.

What happens to my mortgage when I die?

What happens to my mortgage when I die?

If you’re one of the 44% of Americans that has a mortgage, you may have wondered what would happen to your loan if you died. Let’s get into the details so you can rest in peace knowing what will take place.

First, a reminder about mortgage insurance
Mortgage insurance is an insurance policy that benefits your lender in case you, the borrower, default on your loan. If you die, and you had no co-signers on your loan to assume the debt or heirs who wish to take it over, your lender would reach out to the mortgage insurance company to make a claim towards recouping the remaining balance on your loan. Your home would also be put into foreclosure.

Now, let’s go over what might happen with your mortgage.

Option 1: Your heirs take over your mortgage
If you die before fully paying back your mortgage, your heirs can assume your mortgage if they choose to. Under federal law, lenders must allow family members the choice of taking over a mortgage when they inherit residential property. The lender can’t investigate whether they can repay the loan. The heir can either keep the loan in your name and pay on your behalf or refinance the loan to have it in their own name.

Option 2: Your estate pays off your mortgage
You can write in your will that other assets in your estate will be sold to pay off your mortgage. If there are enough funds to pay off your mortgage, the home can either be sold and the funds divided among your heirs, or one of your heirs can take over the title of your home.

Option 3: Yours heirs sell the home
If the mortgage payments are too much for your heirs to assume, they can sell the home. If the lender agrees to it, the home can be sold through a short sale. That means the property is sold and the proceeds fall short of the mortgage debt. But after the sale, the lender is satisfied, and your heirs will not owe any additional money.

If a short sale is not possible, the loan will go into foreclosure and the house will be put for sale. Depending on the state where the home is located, your estate or heirs may be responsible for paying further money if the foreclosure sale does not fully satisfy the outstanding loan debt. However, the following states have an anti-deficiency law where this is prohibited: Alaska, Arizona, California, Connecticut, Hawaii, Iowa, Minnesota, Montana, Nevada, New Mexico, North Carolina, Oregon, Washington, and Wisconsin. In those states, your lender cannot sue your heirs for the remaining mortgage debt after the sale of the home.

Option 4: Your reverse mortgage is paid off
A reverse mortgage loan comes due upon the death of the borrower. If you have no other co-borrower that is living, your heirs will have to make sure the loan is paid back. This can be done using money from the estate or by selling the home. If the home is sold, your heirs will inherit whatever equity is left after your lender is repaid.

Option 5: Your Home is Seized to Pay Other Debts
Depending on the state where your home is located, your home may need to be sold to pay your debts after your death. Your heirs may keep what is left after your debts are paid.

If you have any questions about your home loan, reach out to your local Mann Mortgage lender. If you’re nervous about paying off your home loan before you die, they can help you go over the pros and cons of refinancing for a shorter term.

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