No, you cannot lose your home. You remain the owner of your home and can stay in your home as long as you wish. When the home is sold, the loan is repaid, including the interest and any fees, and the remaining equity goes to you or your heirs. Of course, you still have to maintain your home and continue paying property tax and insurance.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.