Don’t you feel stupid when you find out that something you “knew to be true” for most of your life turns out to not to be true at all? It could be a piece of family gossip that you heard as a kid or just the “fact” that George Washington had wooden false teeth.
I have offered readers many solutions to financial problems and various sources for cash “infusion”. I have never suggested a “Reverse Mortgage” because I had this unfounded and false notion that there was something “bad” about reverse mortgages.
Of course, reverse mortgages are not for everyone. If you or your parents are concerned about financing your retirement life, you really should look into this option. The “Pros and Cons of Reverse Mortgage” is a good summary and well worth reading just to dispel any negative bias you (or I) might have.
I have no financial, personal or business connection with this site or its owners.