Not as long as they're on the title. They may choose to stay in the home and won't have to repay the loan as long as they stay in the home and continue to meet the reverse mortgage's requirements.
© 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.