If you own your home (i.e. mortgage free) and over age 60, you've likely seen ads for reverse mortgages. A 30 second ad can make a reverse mortgage appealing, however you must consider the true cost. Note: For reference I've posted a couple ads below:
What is the True Cost of a Reverse Mortgage?
What is the True Cost of a Reverse Mortgage?
What is the True Cost of a Reverse Mortgage?
If you own your home (i.e. mortgage free) and over age 60, you've likely seen ads for reverse mortgages. A 30 second ad can make a reverse mortgage appealing, however you must consider the true cost. Note: For reference I've posted a couple ads below: