Advantages of a Reverse Mortgage:

A Reverse Mortgage can help you maintain your financial independence and an adequate standard of living.

A Reverse Mortgage allows you to remain in your home and retain ownership.

The money you receive from a Reverse Mortgage is tax-free.

Disadvantages of a Reverse Mortgage: 

Reverse Mortgage options can be confusing and numerous. Get counseling.

Reverse Mortgages are more costly to set up than other types of loans.

Although the proceeds are tax-free, a Reverse Mortgage may impact upon your eligibility for certain "need based" public