© India Picture/Shutterstock.com
When it comes to reverse mortgage loans, the devil really is in the details.
That fine print is where you discover if the deal you’re being offered is the one you want — or the one you want to decline.
It’s not an easy decision to make. You need to understand everything from what each potential lender expects to how that new cash flow will impact other parts of your financial life, like benefits.
In the process, you may discover something that makes you pause the deal to give it greater thought, too. Here are seven red flags, if you’re considering a reverse mortgage loan.