re: Thinking of a Reverse Mortgage

Lots of reasons not to. One is that you are relatively young and may decide or need to sell and move (bad neighbors, need better accessibility for aged, downsize for manageability, etc.).

You can sell a house with a reverse mortgage, but the debt is then due. You will have to pay the balance borrowed plus interest, so you likely will have no equity to put in your pocket and go toward a new home. That could trap you in the house forever even in crackheads move in all around and the neighborhood starts flooding every year.