Beware of Reverse Mortgages
Some seniors who took out risk-free reverse mortgages are being hurt by their mortgage companies. If they miss a single payment or are late submitting paperwork or renewing their home insurance policies, the mortgage companies swoop down and take their homes.
Needless to say, as one grows older, one doesn't move quite as quickly or remember quite as well as one once did. This is a natural part of the aging process. Sadly, the mortgage companies involved in this travesty don't seem to be willing to work with their older customers.
So, take heed and stay on your toes. This is your home we're talking about. Read more about it: https://www.portside.org/2019-06-15/seniors-were-sold-risk-free-retirement-reverse-mortgages