.  All borrowers must be 62 years old

.   No repayment penalty is made until the home is sold or the     owner  permanenly moves out of the house. As long as you pay your real estate taxes, home owners ' insurance and keep the property maintained. 

.   You will never owe more than the current market value of your home.

.   Interest is paid at the time the loan is repaid.

.   When the loan is due, your heirs have choices-they can repay the loan and keep house, or sell the home and repay the loan.

.   Social Security benefits and medicare are generally not affected by a reverse mortgages-consult appropriate government agencies.

.   You own the home-the lender does not take control of the title.

.   Closing costs and fees incurred can be financed as part of the loan.

.   THE CASH YOU RECIEVE IS TAX FREE.