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!