This is one of the most important SAFEGUARDS of a Reverse Mortgage. It’s also one that is commonly included in myths and misinformation about reverse mortgages. We often hear that a homeowner’s greatest fear or hurdle to considering a reverse mortgage is that the bank will own their home. Stated simply and emphatically, the bank DOES NOT OWN YOUR HOME. With a reverse mortgage, the borrower retains title and ownership of the home, and can be passed on to heirs, just like a forward mortgage. In fact, in many cases, it’s even possible to close the loan in the name of a trust, if the title is held in a trust. As with any mortgage, you are still required to pay your property taxes and homeowners insurance.