---
title: Is a Reverse Mortgage a good idea?
description: "A [reverse mortgage](https://reversemortgageresourcecenter.com/reverse-mortgage/) can be a good option for seniors who need to supplement their retirement income, but it depends on your individual situation. A reverse mortgage can be a good option if you are over 62, own your home…"
url: "https://reversemortgageresourcecenter.com/faqs/is-a-reverse-mortgage-a-good-idea/"
updated: "2023-05-01"
category: Reverse Mortgage
---

# Is a Reverse Mortgage a good idea?

A [reverse mortgage](https://reversemortgageresourcecenter.com/reverse-mortgage/) can be a good option for seniors who need to supplement their retirement income, but it depends on your individual situation. A reverse mortgage can be a good option if you are over 62, own your home outright or have a low remaining balance on your mortgage, and need additional income. A reverse mortgage can provide a steady stream of income for retirees.

[FAQ Is a Reverse Mortgage a good idea? | Reverse Mortgage Resource Center](https://www.youtube.com/embed/KdBlV6blxDA?feature=oembed)

[![Is a Reverse Mortgage a good idea?](https://reversemortgageresourcecenter.com/wp-content/uploads/2023/02/Is-a-Reverse-Mortgage-a-good-idea7.jpg)](https://reversemortgageresourcecenter.com/wp-content/uploads/2023/02/Is-a-Reverse-Mortgage-a-good-idea7.jpg)