Disadvantages of the Reverse Mortgage:

There are many advantages of a Reverse Mortgage, but just link anything in life, there are some disadvantages.

Here are three instances that have been labeled as a disadvantage to a Reverse Mortgage.

1. Depletes equity in your home, some of which will be used for closing costs fees and insurance premiums

2. May affect qualification for Old Age Pension, Medicaid, Food Stamps or Supplemental Social Security Income. (Does not affect current status.)

3. Reduces the value of your estate

If you have any questions or need assistance please call a Reverse Mortgage Consultant toll free at 1-888-973-8377.