Reverse mortgage rates cannot leave you in debt
Many people are intrigued by low Reverse Mortgage Rates and the idea that if they take out a reverse mortgage they do not have to pay back the money unless they sale their home. However some people worry that if they do leave their home and it does not sell for the amount of the loan they took that they or their heirs will be left in debt. However, this is not possible, if you sell your home and it is not enough to pay back your reverse mortgage FHA loan the amount you can pay is taken from the sale and you are considered even.