have increased in popularity, so have the myths about these unique loans. While there's better information available today, many seniors and their adult children
who are exploring reverse mortgages still encounter a host of misconceptions. Here's a look at
common myths and the facts:
1. The bank takes the house or the borrower can lose the house.
With a reverse mortgage, the borrower retains title throughout the life of the reverse mortgage. The borrower cannot, as
a result of the reverse mortgage, be forced out of the home (1 comments)