Reverse mortgage

Most of the folks here are mortgage pros - that said keep that in mind when I comment in an area outside my expertise - I am not sure how the reverse changes things - I am guessing that you will no longer have the interest deduction which could cause you to have less to write off and possibly cost you money at the end of the year - however if you are in a low bracket because you are on a retirement plan it may not be so bad -I would consult a CPA and ask them how it will work for and against you. Obviously the benefit is you eliminate a housing payment - if you need any help with the numbers let us know

Brian Barnes
ENG lending
Nationwide Lender