Can I continue to build home equity if I have a reverse mortgage?

If I get a reverse mortgage, will I still be able to build up home equity for me/my heirs? My house is in a great location and it's in an up and coming neighborhood, so I think that its value will continue to rise. Does the extra equity built go to me and my heirs, or does it go to the reverse mortgage company?
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American Advisors Group | Phil Scott
Yes, you certainly can continue to build equity in your home. Once you leave your home, any additional equity from the sale of the property is guaranteed to be passed to you or your heirs. AAG will only ever take back the original loan amount, plus the interest and fees that have accrued over the years. Make a call to us today to see how much money you could qualify for. If you would like to receive our helpful DVD, which we'll send to you for free, click on the link or call us on the number provided. The DVD features Former Senator Fred Thompson, and we will send it to you along with a brochure about the great benefits of a reverse mortgage.

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.
Replied: 4/13/2011

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