You do not have to make any monthly repayments if you do not wish to. Every month interest is added to the loan, therefore, your debt increases every month. The debt is repaid with the sale of the property or if one of your family members wishes to keep your home and refinances the property to repay the lifetime mortgage. This occurs when you die, go into long-term care or sell your property. The amounts and fees you will pay varies from provider to provider.