This is for all who are either considering reverse mortgages. Consider this decision very carefully. At the onset of the loan, which they call a start up fee is very hefty amount, can be 10% of the loan. Once you sign the dotted line,before you receive one penny, this amount is owed. Also, my best friends Mother who at age 83, took out this loan for her in home care. She is 93, has exhausted all of the loan and now her daughters are having to pay for her care. Unfortunately, selling the house now, at the lower home values, make this a very difficult predicament. These reverse mortgages are mortgages. Think long and hard prior to making this decision.