If you owe money on the house you can use part of your reverse mortgage to pay off your current debt.

If you're only going to be in your home a couple of years, the cost of this loan is very, very high.

A reverse mortgage is the true home equity loan.

The older you are, the more money you can get because life expectancy is shorter.

One thing I always encourage people to do is seriously consider the alternative of selling and moving before doing a reverse mortgage.