http://www.reversemortgagehsoa.com/reverse-mortgage-death/
What ia a reverse mortgage?
Is a reverse mortgage an ideal thing for senior citizens and does the family loose inheritance of the property upon the deaths of the home owners.
It is a way for the elderly to borrow the equity from the house. HUD.GOV and AARP.com can explain it. You pay high fees and can borrow about half your equity in a lump or monthly payments. It cost the estate what the person borrowed plus fees and interest and they the person sells the house it needs paid off so if you borrow at 62 and want to move at 70 you may not be able to afford the replacement home. The older you start the more you get and the more sure you will want to age in place.
Reverse Mortgage