Inheriting a home can already involve a number of decisions. When the property also has a reverse mortgage, families may have additional questions about the loan, the property and what needs to happen next.

In this interview, California Real Estate Broker Miriam Cruz sits down with Steve Tsvetkov, Founder and President of AUE Lending, to explain reverse mortgages and what homeowners and heirs should understand.

We discuss what a reverse mortgage is, eligibility and age requirements, how homeowners may use the equity in their property, who a reverse mortgage may be appropriate for and the responsibilities homeowners continue to have after obtaining one.

Most importantly for families dealing with inherited property, we discuss what can happen to a reverse mortgage after the homeowner passes away and some of the options available to heirs and beneficiaries.

Depending on the circumstances, heirs may decide to keep the property, obtain financing, sell the property and satisfy the reverse mortgage, or explore other available options. The right decision will depend on the loan, the value of the property, the estate and the family's goals.

For families handling probate or trust real estate in California, addressing the reverse mortgage early can be an important part of determining what to do with the inherited property.

Watch the full conversation to learn more about:

• Reverse mortgage basics
• Reverse mortgage eligibility
• Age requirements
• Using home equity during retirement
• Reverse mortgages after the homeowner's death
• Options available to heirs
• Selling an inherited home with a reverse mortgage
• Probate and trust real estate considerations