Few products are as misunderstood as the reverse mortgage. Let’s clear up what it actually is.

The basics

If you’re 55 or older, a reverse mortgage lets you access your home’s equity as tax-free funds, with no required monthly payments. You stay the owner, on title, in your home.

Who it fits

It’s not for everyone, but for the right homeowner, it can make retirement more comfortable and more flexible. The key is an honest look at the trade-offs, including the equity you leave behind.

My promise: straight talk. If it’s not right for you, I’ll say so.