I found out my father did a reverse mortgage several years after he paid off his house. My father became very ill about 5 years ago and asked me to stay with him, and unlike previous years, I have lived at home with my dad for the last 5 years. He passed away March of 2014, and recently received mail that a Reverse Mortgage loan is due in full. I am totally devastated because he really didn't need the money, their was a very nice IRA savings and monthly pension and SSI . There were no home repairs needed, everything had been done years prior, and no astronomical hospital bills .I am so saddened that the home he worked so hard to keep and then finally pay off, now goes away, and not stay in the family. Also, I cared for him practically 24/7 the 8 months of his life. I don't understand this Reverse Mortgage thing, I guess for some it is beneficial and then there are the others that really don't need it, but do it because someone approaches them dangling large check amounts and they are eligible because of their age and own their property. Actually, I think it is a legalized scam aimed at the elderly because they are somewhat vulnerable. However, I do realize that it's was my dads money and he was free to do whatever he wanted!!! the upsetting part is that the home I grew up in, and his grandchildren played in, family parties, reunions, wedding, and all will be no more be in the family. This has been a very difficult year. I think he was depressed, from the lost of his close brother and don't think he really understood completely the ramifications attached. This has been a very difficult year. I am looking to understand the options of repayment of a reverse mortgage.