Kiplinger offers a detailed look into reverse mortgages. Seems like a fair deal except the heavy upfront cost of securing the reverse mortgage for your home. A reverse mortgage loan for $200,000 can cost as much as $20,000 and more. When you are 62 years or older, and if you need money immediately, this may be the best option to help you maintain your luxurious lifestyle.
http://www.kiplinger.com/magazine/archives/2009/08/reverse_mortgage_rescue.html
