It is also going to be a problem for the house finance people, when they have to take the house back. I don't like the celebrities who go on TV and advertise for them. They are all seemingly astute people and should look into what the thing does before they endorse it. There are fees for appraisals, title insurance, loan fee,etc. just the same as getting any other mortgage and they add all this up on your reverse mortgage at the time you start getting money. I might look into a complete refinance of the house with borrowing some more money if the appraisal comes in high enough as the rates for those mortgages are the lowest. Second mortages such as home improvement loans come at a much higher interest rate. I used to be in real estate, so much as I try not to, I notice the rates for mortgages.