: If you are an heir and the loan balance is higher than the home's value, you can typically keep the property by paying 95% of its appraised market value .

: If you just signed the loan, you have a three-business-day window to cancel the contract without penalty. Why You Might Buy It Back Early

Yes, you can "buy back" a reverse mortgage by paying off the loan balance to regain full equity in your home . This is often referred to as "paying off" or "exiting" the mortgage.