Reverse mortgages are a tremendously bad idea.
FLL, in your case a typical home equity line of credit probably makes the most sense and will have the easiest underwriting requirements. Draw on the line of credit as needed and just keep paying interest only on any outstanding balance, roll over the principal to a new HELOC when necessary (typically 5, 10 or 15 years) and then the balance will be paid off when your house is eventually sold.
|