"Absolutely they can. Your heirs can pay off the existing reverse mortgage balance with other available funds, or obtain a traditional mortgage to pay off the balance and not sell the home. If you make the decision to sell or leave your property, your loan will then become due. If your children want to buy your home and let you stay in it, they the choice to take out a traditional mortgage, refinance, or find the money by other means to cover your loan. That way they can buy the property, and you can stay in your home, even after taking out a reverse mortgage. Once the original loan amount plus interest and fees has been paid back, you and your family will benefit from the remaining equity that will be returned to you on a tax free basis.

If you have more questions like this, please do call to speak with our team of professionals. They're on hand to answer your queries on topics like this. A great place to start is to request a copy of our free DVD, which is packed with handy advice on the positives of a reverse mortgage. Follow the link and order your copy today."

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.