Could I owe more than my house is worth?

With a reverse mortgage, you will never owe more than your home is worth.

Furthermore, 99% of reverse mortgage clients end up with equity left over when they pay off their reverse mortgage, as data from HomeEquity Bank shows.

Statistically, the average amount left over is more than 50% of the property value. That’s true for two reasons:

  1. The initial loan limit is conservative at 15-55% of your home value
  2. Most homes continue to rise in value (long-term, homes have risen at roughly the rate of inflation).