You have probably seen the commercials about reverse mortgages and the actors in those commercials make it sound so easy.  Just tap into the equity you have worked hard to establish in your home and have the money you need right now.  For some homeowners, a reverse mortgage might be the solution to financial problems. However, reverse mortgages also carry some very ominous consequences such as losing your home. Before signing a reverse mortgage, you should always consult a real estate attorney.

For more read, “Could You Finance Your Retirement With a Reverse Mortgage?”

Image Credit:  American Advisors Group