For example, if your contract says you were allowed to pay property taxes and insurance premiums on your own, the new servicer can not demand that you establish an escrow account. (consumer.ftc.gov)
Borrowers who fail either the capacity or willingness tests will have a portion of the reverse mortgage set aside to pay for taxes and insurance on the home for the life of the loan. (reversemortgages.com)
It's important to note that some lenders will allow you to pay taxes and insurance outside of escrow. (protective.com)