Have your heard the term reverse mortgage and wondered what it was all about? Were you tempted at two o’clock in the morning (on one of those restless nites) to respond to the television info-mercial telling you how you can use the equity in your home to live the lifestyle you want and stay in your home? My Grandmother always said that you get nothin’ for nothin’ and that is true of reverse mortgages. While it is true that it can work wonders for certain homeowners there are pitfalls to be wary of. The equity that has built up over the many years you have lived in your home can be extracted in a variety of ways that might better suit your current financial position. Jumping into anything can be risky but education can be your best friend. The AARP has a pamphlet on the subject that may be quite informative and could help you determine whether this is right for you. You should always consult a financial advisor or your attorney before engaging in the reverse mortgage. At SAFARI we have held many seminars in the past and will continue to hold them in the future. If you would be interested in a specific topic please drop us a line or call us at (718) 442-5200 and let us know what’s on your mind. I hope you enjoy our weekly Senior House Call and look forward to hearing from you .