The Smart Start Money Podcast

Why Is a Reverse Mortgage Almost Always a Bad Idea?

November 12, 2020

Considering a Reverse Mortgage?

With 1 in 5 Americans having no retirement savings, it should not come as a surprise that a reverse mortgage is sometimes something people turn to in order to try and solve a financial problem at retirement. A reverse mortgage might seem like a good way to come up with some extra money for daily living expenses, medical bills, or to provide the money needed to stay in a home. However, taking a reverse mortgage is almost always a bad idea and there are several reasons why.

 

This podcast episode talks about the dangers of taking a reverse mortgage.

 

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