The downsides to a reverse mortgage include that you must pay your property taxes, homeowners association fees, and other costs. If you don't, you could lose your home to foreclosure. In addition, your heirs could receive less of an inheritance because they have to pay back your reverse mortgage. You'll also pay fees in the form of an upfront mortgage insurance premium as well as origination fees. Finally, reverse mortgages are complex products that deserve careful consideration before you decide to get one. The best mortgage lenders will thoroughly explain how your mortgage works and give you time to decide whether it’s right for you.