Reverse mortgages are often misunderstood. Many homeowners have heard stories from friends, television advertisements, or outdated information that create confusion and unnecessary concern. While reverse mortgages are not the right fit for everyone, understanding the facts can help separate myth from reality. Here are five of the most common misconceptions about reverse mortgages. Myth #1: "The Bank Owns My House" This is probably the most common myth. Reality: You generally

Reverse mortgages are often misunderstood. Many homeowners have heard stories from friends, television advertisements, or outdated information that create confusion and unnecessary concern. While reverse mortgages are not the right fit for everyone, understanding the facts can help separate myth from reality. Here are five of the most common misconceptions about reverse mortgages. Myth #1: "The Bank Owns My House" This is probably the most common myth. Reality: You generally