No! The lender can’t take your home even if you outlive your “life expectancy”. You do not need to repay the loan as long as you or one of the borrowers continues to live in the house and keeps the taxes and insurance current. You can never owe more than your home’s value. If your home’s value goes down, the lender takes the loss. Your heirs or estate can never be responsible for amounts that exceed your home’s value. This is called a Non-recourse loan.