A reverse mortgage doesn't disappear when the borrower dies — it becomes due in full, all at once, usually within months. If you've just inherited a home with a HECM (Home Equity Conversion Mortgage) attached to it, you're not losing the house, but you are on a clock. Here's what actually happens, and how to refinance a reverse mortgage on an inherited property before that clock runs out. What Happens to a Reverse Mortgage the Moment the Borrower Dies A reverse mortgage isn't