The truth about reverse mortgages is that you always maintain your title during the life of the loan from Kevin Guttman Reverse Mortgage Specialist.
There is a myth that you will leave debt to your children if you take out a reverse mortgage. The truth is a homeowner or their heirs never owe a payment; A is never required with a reverse mortgage. As long as you continue to pay the property taxes, homeowners insurance, and maintain the home you can live in the home and not have to pay a monthly mortgage payment.
Watch this video to find out all the details related to reverse mortgage and heirs