When Is A Reverse Mortgage A Good Idea?
I was recently asked for my thoughts on reverse mortgages. The topic can bring up strong feelings and troubling stories of family members who took out a reverse mortgage and had a bad financial outcome. But, like many financial products, reverse mortgages are a tool. They can do a lot of damage in situations where they are used incorrectly. And they can be a great solution for a retiree who meets a number of important criteria.