Is a Reverse Mortgage Right for You? Pros, Cons, and Alternatives

But There Are Risks

Reverse mortgages are not without downsides. Here’s what to consider:

- Fees and interest can be high

- Your heirs may inherit less

- Risk of foreclosure if taxes or insurance aren’t paid

- Can impact Medicaid eligibility

- Not ideal for short-term stays in the home

Knowing these risks upfront helps avoid surprises down the road.