I know the temptation is there, but using your home as collateral puts you at risk of losing your home!
If your kid is a senior this year and there is nothing set aside for a college education it’s too late to do much more than stick whatever extra cash you can in a savings account.
It sounds so good, borrow from yourself, and pay yourself back! When you do the actual calculations it doesn’t work that neatly.
The reverse mortgage is not for everyone. So who should consider one?