The Reverse Mortgage Dilemma: Understanding Heirs' Reservations and Potential Advantages
Reverse mortgages can be a polarizing topic among families planning for retirement and elder care. While financial planners often highlight the benefits of reverse mortgages for seniors seeking to supplement their retirement income, surviving children may have reservations. This blog post explores five common reasons why surviving children might hesitate to suggest a reverse mortgage to their parents and provides rebuttals to each concern, aiming to offer a balanced perspective on this financial tool.