Content Overview 
- Summary
- What Is A Reverse Mortgage?
- What Steps Should I Take Before Obtaining A Reverse Mortgage?
- What Is Necessary To Qualify For A Reverse Mortgage?
- How Much Money Can I Get From A Reverse Mortgage?
- How Can I Receive The Loan Proceeds?
- Fixed Rate Reverse Mortgage versus An Adjustable-rate Reverse Mortgage
- How Do I Pay Back A Reverse Mortgage?
- What Obligations Does A Borrower Have While A Reverse Mortgage Is Outstanding?
- What Are Some Of The Pitfalls To Watch Out For When Considering A Reverse Mortgage?
- How Much Does A Reverse Mortgage Cost?
- What Is The Tax Situation With Respect To A Reverse Mortgage?
- What Effect Would A Reverse Mortgage Have On My Benefits?
- Counseling Session And Other Consumer Protections
- Using A Reverse Mortgage To Purchase A Home
- How Do I Locate A Source For A Reverse Mortgage?
- How Do I Obtain More Information About Reverse Mortgages?
Reverse Mortgages 101
What Obligations Does A Borrower Have While A Reverse Mortgage Is Outstanding?
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- Maintain the home in good condition.
- Pay the real estate taxes.
- Keep homeowners insurance in force.
Lenders can usually demand repayment if you don't keep up the home. They generally inspect houses with a Reverse Mortgage periodically.
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