Do you recommend any reverse mortgage lenders? – C.D.
For many, home equity is their biggest asset and a reverse mortgage can help them turn that equity into an income stream. While we can’t recommend a specific lender, what we can say is that you should compare multiple lenders. A disadvantage to reverse mortgages is that fees tend to be fairly high. The best course of action is to shop around and make apples-to-apples comparisons to determine what works best in your situation.