Every financial guy I spoke to was against it.
As for Selleck. Pete Wilson should have appointed him to the senate in 1991. Instead we ended up with Boxer and Feinstein.
The other reason for taking one is if the area you are living in is in a real estate slump and not selling, with a RM you get the $$ and still have a place to live.
I think the problem is they can have high expenses.
I am not a fan of reverse mortgages but there are certain circumstances where they could make sense.
—You do not have kids or do not want them to inherit your home
—You are house rich and cash poor
Everyone else should probably stay away.