You have to read the fine print as they are not all created equally. Here in Australia at least reverse mortgages are available where they cannot kick you out of your house if you default.
An RM would not be an ideal choice in the vast majority of situations, but if the situation is dire and its the only way to secure a place to live, just make sure you read the fine print and have an complete understanding of what it involves before yoiu sign anything.
An RM would not be an ideal choice in the vast majority of situations, but if the situation is dire and its the only way to secure a place to live, just make sure you read the fine print and have an complete understanding of what it involves before yoiu sign anything.
