Question 1

Do I still own my home with a reverse mortgage?

Accepted Answer

Yes. Title stays in your name. The lender places a lien on the property, just like a regular mortgage.

Question 2

What happens when I pass away or move out?

Accepted Answer

The loan becomes due. Your heirs can sell the home, repay the balance, or refinance to keep it.

Question 3

Can my spouse stay if I pass away first?

Accepted Answer

Only if they're listed as a non-borrowing spouse on the loan docs. That protection is not automatic.

Question 4

Can I get a reverse mortgage on a high-value Napa home?

Accepted Answer

Yes. If your home exceeds HECM limits, jumbo reverse mortgage products are available. Not every lender offers them.

Question 5

Does a reverse mortgage affect Social Security?

Accepted Answer

Loan proceeds are not taxable income and don't affect Social Security. Medicaid eligibility may be impacted — consult an advisor.

Question 6

What does HUD counseling involve?

Accepted Answer

A HUD-approved counselor reviews your options, costs, and obligations. It takes roughly 60–90 minutes and must happen before you apply.

Reverse Mortgages in American Canyon, CA