Is there a possibility that I may lose my home if I choose to get a reverse mortgage?

My husband has passed away recently, and I do not have enough aid to be able to keep up with my bills. I am considering getting a reverse mortgage, but I am concerned that I may lose my home. What are the possibilities of this happening?
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American Advisors Group | Will Rae
A reverse mortgage is a very safe loan that has helped hundreds of thousands of seniors across the United States, and I hope we can help you find financial security too. However, there are three things you must ensure to do if you take out a reverse mortgage. You must continue to pay your property taxes and your home insurance, and you must keep your home in a good state of repair. Reverse mortgage lenders do not want seniors to lose their homes, and we really will go to big measures to prevent this from happening, but you must ensure to set aside some money for these three crucial requirements. If you're looking for more information on reverse mortgages, why not request a copy of our informative DVD. It will answer a lot of your questions and give you greater insight into how reverse mortgages work. Click on the links provided and we'll post you a copy for free.

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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