Is a reverse mortgage a good idea?

A reverse mortgage is one option for homeowners looking to borrow from their property’s equity. However, unlike other tools for tapping your home equity, these loans are exclusively for seniors (for the most part, eligibility is limited to those age 62 and up). While reverse mortgages come with risks and aren't right for everyone, they can be a handy way to access cash in your twilight years. Reverse mortgages: How do they work? Reverse mortgages are a type of loan designed for older homeowners. They a ...