Reverse mortgages should be entertained only by those who have carefully explored and eliminated their other options, investigated the specific product under consideration and taken independent legal advice - and, perhaps, who are over 70 and not looking to borrow more than a small proportion of the value of their home.At first glance a reverse seems an ideal way to maintain our independence - providing cash when needed while enabling us to remain living independently in our own homes To determine if refinancing will save you money, compare the total costs to refinance, as well as interest rates..
