Laurie MacNaughton © 2018 Reverse mortgages…you’ve seen the ads a hundred times. But odds are you have a lot of questions. In a nutshell, here’s the scoop The first thing to know is a reverse mortgage is an FHA-insured home loan. I always start with this point simply because there can be confusion about the fact this is a home loan, in many ways not unlike any other loan we’ve all grown up with. Here’s where the difference comes in: a reverse mortgage loan is repaid when the last person on title permanently leaves the home. In fact, the very name itself comes from the fact the loan is repaid in reverse on the back-end, rather than being repaid monthly. The second thing to…