This story originally appeared on NewRetirement.
Do you know your reverse mortgage facts? More and more people are becoming aware of reverse mortgages as an option for tapping their home’s equity.
Maybe you heard about these loans on a personal finance blog or from Tom Selleck on late-night TV. However, what is really true?
With all of the buzz about retirement financing options today, it can be difficult to sort out what to believe when the information you get is incomplete or sounds like marketing spin.
Are reverse mortgages safe? How does the government fit in? Can anyone get a reverse mortgage?
Here are reverse mortgage facts to know before using this type of loan to supplement your retirement income.