Question 1

Can I lose my Orland home with a reverse mortgage?

Accepted Answer

Yes, if you fail to pay property taxes, insurance, or maintain the home. As long as you meet those obligations and live there, you cannot be forced out.

Question 2

What happens to my reverse mortgage when I die?

Accepted Answer

Your heirs can pay off the loan balance and keep the home, or sell it and keep any remaining equity. They have time to decide—typically six months.

Question 3

How much can I borrow with an Orland reverse mortgage?

Accepted Answer

It depends on your age, home value, and current rates. Older borrowers with more expensive homes qualify for larger amounts—typically 40-60% of home value.

Question 4

Do I still own my home with a reverse mortgage?

Accepted Answer

Yes, you retain title and ownership. The lender only has a lien, just like a traditional mortgage would.

Question 5

Can I get a reverse mortgage if I still owe on my current mortgage?

Accepted Answer

Yes, but reverse mortgage proceeds must pay off the existing loan first. You need enough equity to clear that debt and still get meaningful cash out.

Reverse Mortgages in Orland: Tap Your Home Equity Without Monthly Payments