Reverse Mortgage Pros and Cons: What Nobody Explains Before You Sign

Tue, 02 Jun 2026 06:00:00 -0500

Barbara and Don Hecht drove forty minutes from Appleton on a cold Tuesday in March to sit across from me and ask about a reverse mortgage. He’s seventy-three. She’s seventy-one. They own their house free and clear, a colonial on the west side of town they’ve been in since 1994, now worth somewhere around $310,000. Their income is $3,200 a month: Social Security for both of them, plus a small pension from Don’s years at a paper mill that had been acquired twice and renamed once since he left it.

Reverse Mortgage on Sunday Evening Review

Reverse Mortgage Pros and Cons: What Nobody Explains Before You Sign