In which situation would a reverse mortgage become due?

A reverse mortgage typically becomes due upon the sale of the home, which is why this answer is correct. When the homeowner sells the property, they are required to pay back the reverse mortgage loan from the sale proceeds. The balance of the loan, which includes the principal borrowed plus accumulated interest, must be settled before the seller can transfer ownership to the new buyer.

In other contexts, options such as when property taxes are paid or when the homeowner reaches a certain age do not trigger repayment of the reverse mortgage. Homeowners are still responsible for maintaining the home, which includes paying property taxes, but this does not cause the loan to be immediately payable. The age of the homeowner is mainly a consideration for eligibility when obtaining the reverse mortgage but is not a determining factor for repayment. Furthermore, an increase in home value does not lead to the mortgage being due; in fact, a higher home value can be advantageous for the homeowner, potentially allowing them to access more equity through the reverse mortgage while they still occupy the home.