Though the sale of the home is the most common way of repaying the loan, it is not the only way, and you are by no means required to do so. You are able to repay the loan in any way you wish. Some of your other options are to take out a forward (or traditional) mortgage or refinance the home. You are welcome to pay it back using other funds as well, such as from a savings account or an inheritance.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.