Please do NOT do a reverse mortgage. My sister did this and she now cannot afford to get herself out of the situation. She owes more, much more, than she originally borrowed. It sounds great but remember that they are charging you interest on the money you get and at the rate that her's has gone up, she will never get out of it. I love the way they tell you, you still own the house. Yes, but only if you can pay them back. Do your research. If you can swing a home equity loan, you will be better off.