Episode Details

Reverse mortgages let seniors tap home equity without monthly payments—though interest piles up over time. Perfect if you’re cash-strapped, have no other assets, and want to stay put. FHA loans require at least one spouse to be 62; non-FHA can go as low as 55. The surviving spouse can often stay in the home for life if they handle upkeep. Borrowing limits vary: FHA caps at $1.2M, non-FHA up to $10M. Move out for over a year? Loan due. Heirs pay back only what the home sells for—no more. Not a magic fix, but a last-resort tool for aging homeowners.

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