Most likely, no one you know has ever taken out a reverse mortgage. Being the first person you know to consider one of these loans can be a daunting task.
Smart consumers consider all their options before making major financial decisions.
This page discusses alternatives to reverse mortgages. To make an informed decision about a reverse mortgage, you must compare it to your other options. Two major alternatives are selling your home and applying for public benefit programs. Selling and Moving The thought of selling your home and moving to a new home may not be very appealing. But seriously considering this option will help you evaluate the comparative costs and benefits of a reverse mortgage.