Tip - Will my children be able to keep my home after I die or move out permanently, if I have a reverse mortgage loan?

It depends on whether they can pay off the reverse mortgage loan. Most reverse mortgages today are insured by the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program. A HECM reverse mortgage loan must be paid off completely when the last surviving borrower dies or no longer lives in the home. If your heirs don’t want to, or cannot afford to, pay off the loan t