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Reverse Mortgage Quiz
Can my current income influence my ability to get a reverse mortgage?
yes
no
I've heard that with a reverse mortgage the lender would own my home. Is this true?
yes
no
Can I refinance a reverse mortgage, as I would be able to do with a traditional home mortgage?
yes
no
Can a reverse mortgage lender take my home away if I outlive the loan?
yes
no
Are there any limits on how I use the money I receive from a reverse mortgage?
yes
no
Is there a choice in how I receive the cash from my reverse mortgage?
yes
no
I still owe money on a first or second mortgage. Can I still get a reverse mortgage?
yes
no
Can I get a reverse mortgage on a second home or resort property I own?
yes
no
Would a home that is in a "living trust" be eligible for a reverse mortgage?
yes
no
Are all reverse mortgages the same?
yes
no
If I take a reverse mortgage, will I still have an estate that I can leave to my heirs?
yes
no
Must the heir or the last surviving borrower sell the property to repay the reverse mortgage loan?
yes
no
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