Pros of Reverse Mortgages No monthly mortgage payments. Loan repayment isn't required until the borrower sells, moves out or dies. Improves cash flow. You can generally use funds for any reason.

This can take time, and in the meantime, the estate remains the legal owner. Either you can pay the mortgage ... are simply too high and you can't lower them, selling may be your only choice.

that house you had, your $700,000 house, 20 years later, has doubled in value. So now you've got a $1.4 million home, your reverse mortgage balance is $500,000. I'm just making up numbers. The ...