Reverse Mortgage?

[piggynose]

Has anybody on here ever had one? .
Its something i am thinking about, but need a bit more info.
tia

[bobbinwales]

Also TTT they can impose conditions on how much maintenance you have to do and they give a low valuation omn your house so you might not get much. Theres also fees aswell as high interest rate. But there fine for someone who needs cash now and dont want to leave the house to family etc

[piggynose]

This is something the wife wanted help with.
She just mentioned it out of the blue, and asked me to ask you nice people on AB for a few opinions.

[barry1010]

You need to be clear about your long term plans before committing. Do you both intend to stay in your current home untl you both die or go in to a home?
Have you got lived ones that you want to inherit?
Would downsizing be a better option?