How to decide if a reverse mortgage is right for you Fact checked by Betsy Petrick A reverse mortgage is a loan you take out ...

The main advantage of a reverse mortgage is that the loan does not have to be repaid until the homeowner sells, moves out of ...

You'll need to be 62 to qualify and must undergo counseling ... If you want to age in place, a reverse mortgage can help you do it. You'll have the funds necessary to cover bills, make ...

To qualify, in addition to being 62 years ... and he doesn't have a lot of income. He can do a reverse mortgage to access the equity in the house to give to his wife, who can use that money ...

You may not have planned on having a loan on your home in your senior years but it may be a good option for you if you can get pass the misinformation. There is a great deal of misleading “facts” ...