It can happen, depending on the payout option you chose when the loan was set up. Some plans offer monthly payments for life, while others pay for a set period or until available funds are exhausted.

Here’s a quick rundown of how each payment type works:

Fixed-Rate Reverse Mortgage

You receive one lump sum at closing. There are no monthly payments with this option, so nothing can “stop” later on.

Line of Credit

You draw funds as you need them. The credit line grows over time, but once you’ve used the full amount, no additional monthly funds are available. You still remain in the home as long as you meet the loan requirements.

Term Payments

You receive monthly payments for a specific number of years, such as 5 or 10. Payments end when that term is up.

Tenure Payments

This is the option designed to last for life. You receive monthly payments for as long as you live in the home and keep your taxes, insurance, and maintenance current.

Modified Term

Part monthly term payments, part line of credit. Payments stop once the term ends.

Modified Tenure

Part lifetime payments, part line of credit. Because some of the funds are set aside for the credit line, the monthly lifetime payment amount will be lower, but it continues for life as long as you remain in the home and meet the program obligations.

So, can payments stop early?

Yes—if you selected a lump sum, line of credit, term, or modified term. Those are not lifetime guarantees.
If you want payments that continue for life, the Tenure or Modified Tenure plan offers that security.

For more details, check out: What Happens When Your Reverse Mortgage Money Runs Out?​