The ins and outs of reverse mortgages – Be sure to run the numbers

Description

Abstract: Reverse mortgages have been both touted as a solution for older homeowners who are struggling financially and criticized for the fees associated with them. Both observations carry some truth. But reverse mortgages can play a role in the financial plans of seniors who are relatively well off. This article explains the basics and why they can be a sensible option for some homeowners. But they are complicated financial instruments that require close consideration.