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Home & Property

What Issues Should I Consider When Using a Reverse Mortgage?

Overview

A reverse mortgage can solve a real retirement income problem, but it's also one of the more misunderstood financial products, which makes it worth approaching with a clear-eyed view of both benefits and tradeoffs.

How the loan interacts with your other goals, and what it means for anyone who might inherit the home, are usually more important questions than the interest rate itself.

What this checklist covers

  1. 1General reverse mortgage issues
  2. 2Goal coordination
  3. 3Risk issues

Common questions

Preview of the What Issues Should I Consider When Using a Reverse Mortgage? checklist

Take the full checklist into the transaction

What to confirm before you sign, and what it means for your taxes.

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Sourced from a licensed fpPathfinder checklist. Page copy is original summary content.