Orange County Reverse Mortgage – OCReverse.com

Am I giving my home to the bank?

No. You own your home and retain title throughout the life of a reverse mortgage. Even if the money runs out, you can stay in your home as long as you wish, provided the property remains your primary residence.

Just as a conventional (aka “forward”) mortgage, you are responsible for homeowner’s insurance and property taxes, and for maintaining the condition of your home.