My lender gave me the docs for my HECM Reverse Mortgage. Everything looked ok except that the Trust Deed has a principal amount that is
1.5 times the amount of the appraised value of the property, instead of the sum of the advance. (The principal amount is not explicitly on the Note or the Loan agreement, either).Is this normal? I have a very small retirement. If I move from the home down the road, I don't want to find out that the balance started at the higher amount and went up from there.