When you sell your home or no longer use it for your primary residence, you or your estate will repay the cash you received from the reverse mortgage, plus interest and other fees, to the lender. The remaining equity in your home, if any, belongs to you or to your heirs. None of your other assets will be affected by a reverse mortgage loan of any type. This debt will never be passed along to the estate or heirs. If you wish to ensure a certain amount that you will leave your heirs, you may want to investigate using some of your proceeds for a life insurance policy.
