No, your lender does not own your home. A reverse mortgage enables you to borrow money using your property as security for the loan; the deed, ownership, vesting, and title to your home remains with you until the loan reaches maturity, signaling its due and payable status. When the loan becomes due and payable, borrowers (or their surviving heirs) have the option to repay the loan and retain homeownership, or sell the home to cover the balance. If the home is sold, any equity that remains after the reverse mortgage has been paid belongs to the owners or their heirs.