10/28/2026
**Question: A reverse mortgage sounds too good to be true. What's the catch?**
**Answer:** It's a fair question! And the truth is, a reverse mortgage is a loan, not free money.
A reverse mortgage allows eligible homeowners to convert a portion of their home equity into cash without being required to make monthly mortgage payments.
But there are important things to understand.
Interest and fees are added to the loan balance over time, which means the amount owed generally increases if you aren't making payments.
You are also responsible for property taxes, homeowners insurance, and maintaining your home.
And just like other mortgages, there are closing costs and loan requirements to consider.
The benefit? For some homeowners, a reverse mortgage can provide greater financial flexibility, reduce monthly expenses, and help them remain in the home they love.
**The most important thing is determining whether a reverse mortgage makes sense for YOUR situation.**
No pressure. No obligation. Just straightforward answers to help you make an informed decision.
Have questions? I'd be happy to help.