1. What are your financial goals?
   • Are you looking to supplement retirement income, pay off an existing mortgage, cover medical expenses, or fund other needs?
2. How long do you plan to stay in your home?
   • A reverse mortgage is most beneficial for those intending to remain in their home long-term.
3. What is your current and expected future financial situation?
   • Assess current income, savings, and anticipated expenses to determine if a reverse mortgage aligns with your financial strategy.
4. Do you understand how reverse mortgages work?
   • Ensure you know about loan repayments, interest accrual, and how the loan affects home equity over time.
5. What other options have you considered?
   • Explore alternatives like downsizing, home equity loans, or refinancing before committing to a reverse mortgage.
6. Do you have a trusted advisor or family member involved in the decision?
   • Including loved ones can provide additional perspectives and help navigate the complexities of reverse mortgages.
7. What is the current value of your home, and how much equity do you have?
   • Home value and equity are critical in determining eligibility and potential loan amounts.
8. Are you prepared for ongoing homeownership responsibilities?
   • Homeowners must continue paying property taxes, homeowners’ insurance, and maintenance costs.
9. What legacy considerations are important to you?
   • Discuss how a reverse mortgage might impact the inheritance or plans for the home after passing.

These questions can help you evaluate your readiness for a reverse mortgage and decide if it fits your needs. Visit my website or reach out if you have any additional questions.