Suggest you read Art. 16, Sec. 50 of the Texas Constitution. Just Google it up. It contains most of the rules for Home Equity and Reverse Mortgages in Texas.
I suggest you do that and you will find that what you posted is pure BS.... I have been originating RM's in Texas since 2004.....and none of what you said is true.
Firstly, the minimum age across America is 62, not just in Texas, Secondly all persons on the title need to be 62 and if a spouse is less than the minimum age then he/she has to come off the title and then in the event of the death of the RM recipient...she stand s in line with all the rest of the heirs...