Here’s AARP’s video on Reverse Mortgages.
The issue AARP points out here: Death of Reverse Mortgage holder leads to immediate payment due … so be careful how you structure who’s name the mortgage is in (possibly joint names may be best).
See my previous blog on Reverse Mortgages … these are not to be taken lightly and are not your traditional mortgages. Marketing has brought them to your attention. But, are they appropriate for you yet?