Reverse Mortgage — balance of equity on death.

Will the remaining principal balance on my reverse mortgage go to my listed relatives??
Thanks….Leslie B.

Terry Says:  Once the balance of the loan is satisified, if there is any remaining equity it will go to your designated heirs.  Or your heirs have the option of paying off the reverse mortgage balance — or 95% of the appraised value of the home — whichever is less, and keeping the home.