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"People think that the bank takes your home, but that is not true. I like the flexibility of not having a payment, but I can make a payment if I want to.* I advise you to call them. Make an appointment so they can tell you how it works. It's a good thing."
"For us, it was a security blanket. The value of our house was to fund our long-term healthcare. Everybody should be taking a look at it. If they're over 62, they should at least investigate it. We've got great peace of mind. Whatever comes up, we're ready."
"Many people have such a misunderstanding as to how a reverse mortgage works. Most people think the bank takes your house, but that's absolutely 100% wrong. You're responsible for keeping up with your property taxes and you're responsible for paying your insurance on the property. Without a doubt, one of the best financial tools we've learned about."