Nothing bad happens in this case. Your reverse mortgage is protected against depreciation of your home's value so that you will never owe more than your home is worth.
© 2022 Lotus Income - Specializing in Canadian Reverse Mortgages. Although we make every attempt to ensure our reverse mortgage information is correct, Lotus Income does not guarantee the accuracy of the information on our website. Please speak to a mortgage broker for the latest details. Site last updated: Jan 12, 2022.