7 things to consider if you are interested in a reverse mortgage loan

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Deciding to go through a home equity conversion mortgage means making a number of decisions.

Don Graves, adjunct professor of retirement income at the American College of Financial Services in Philadelphia, suggests asking yourself two important questions:

  1. “What is the problem I’m facing that is most worrisome to me?”
  2. “What are the other possible solutions to meet that need?”

But there is much more to consider in making the decision to get a reverse mortgage loan.