It is my understanding that this is something for people around the age of retirement (I'm not there yet), but I'm curious about what it is. Does anyone know how reverse mortgages work? Are they sensible or are they scams?
You know I've heard of these but I'm not sure what they are either. I'm an accountant and I can't tell you. I would love to know more about them too. My parents are there at retirement age.