For some seniors, a reverse mortgage may be a suitable loan, but for others it is not. If you are considering a reverse mortgage, be sure to find out the “pros” and the “cons.” Carefully evaluate whether a reverse mortgage is suitable, given your needs and circumstances, and consider whether there are other alternatives that may be more suitable for you. Steer clear of predatory lenders and scam artists who may want to steer you into a high-cost loan or sell you a reverse mortgage in order to get at your money.

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