Are reverse mortgages safe? Can the bank take your house? What happens to your heirs?

In this episode of Senior Life Discovery, Donna Stancel interviews Dennis Cooper, Senior Vice President of the HECM Division at The Federal Savings Bank, to explain how reverse mortgages really work.

Topics covered:

• Reverse mortgage vs traditional mortgage
• HECM for purchase
• What happens when a spouse passes away
• Property taxes and insurance
• Loan insurance protection
• Who qualifies

If you’re 62 or older and own your home, this episode could change how you think about retirement income.