Will I still own my home? Will my family still inherit my home?

Yes. This is the most common misconception about reverse mortgages. The purpose of any mortgage, including a reverse mortgage, is to facilitate homeownership. You only need to follow the loans terms and make your other payment obligations. Your heirs will still inherit your home. Just like if you had a traditional mortgage, they can sell the home and keep the equity, or take on a new mortgage to keep your home in the family.