Why Should I Get a Reverse Mortgage?

The interest rates that the reverse mortgages acalculated on are almost double what traditional interest rates are on a mortgage. The foreclosure rate on reverse mortgages is tenfold the national average for traditional mortgages. And then when they run out of equity, by the way, it's only 65 % of the equity that you can take out. So if paying off your house is the best option, then going into the reverse side and borrowing against your home is the worst option.