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What Should You Know About Reverse Mortgages? Inside E Street Skip to content

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Is a Reverse Mortgage for You?

Loan's complicated rules and fees are why you should proceed with caution

Over 600,000 reverse mortgages have been issued since the program started in the late 1980s. Available to Americans 62 and older, the loans help homeowners tap into their home equity to get needed cash.  But since they come with high fees, complicated rules and mandatory financial counseling, are they a good fit for eligible consumers?

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Inside E Street profiles two different borrowers with two different outcomes.

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