thinking of reverse mortgage am 66 years old owe 40;000 home worth 125;000 any red flags I need to know

Terry Says:  Here’s a link to my most recent column on the subject.  I endorse reverse mortgages — with some caveats.  Since they are expensive, you should plan to stay in the home for a long time!  And, the younger you are when you take out a RM, the less money you receive.  So you might want to think twice about this at “only” age 66!