Will there be a punishment if i repay my opposite financial very early?
No, there is no penalty getting repaying an opposing home loan early. You could pay-off part otherwise every financing whenever instead of any additional costs. You can use their money, take out another type of loan, if you don’t sell your home to repay the opposite home loan. It is essential to keep in mind that you usually own your property-you aren’t to invest in they straight back about lender once you pay the borrowed funds.