You remain the owner of the home and you (or an eligible non-borrowing
spouse during a deferral period) must continue to pay property taxes, insurance fees, and home maintenance costs.
California dreamers who qualify for a reverse mortgage for purchase can use their loan to purchase a home anywhere in the U.S. Like other reverse mortgages, the loan generally becomes due and payable if you (or an eligible non-borrowing
spouse during a deferral period) move, sell the property, or pass away.