re: IS A REVERSE MORTGAGE A GOOD IDEA? Need Help deciding

Nothing said in your post makes any sense. If your wife is 66 and retired from LSU, she should be getting Social Security and a retirement, correct?
And you are 63, drawing Social Security as well? Ya'll should be getting a pretty good chunk each month.
Any kids? At ya'll age...should've paid that house off long ago. But if you need the money to make ends meet, that is what a reverse mortgage is for.
If you do have kids and wanted to leave your home to them you can kiss that idea goodbye should you go through with a reverse mortgage. But hey, if it addresses ya'll immediate problems, go for it!
It's obvious ya'll cannot manage money very well and you know the old saying...you can't teach an old dog new tricks.
Good luck!