Will
we ever owe more on this Reverse Mortgage than our home is worth?
Absolutely not. These
loans have a non-recourse clause. Simply stated, you and your
heirs will never owe more than the value of your home, no matter
how long you live.
Do
we retain ownership in the home?
Yes. You maintain full
ownership of your home. The home’s title remains in your name.
You are still responsible for property taxes and homeowner’s insurance.
