Reverse mortgages have a bit of an identity crisis. Many years ago, some unscrupulous lenders used them for nefarious purposes. That has all changed. Highly regulated now, reverse mortgages can actually be a wonderful solution in certain financial situations. There are several different types, so be sure to consult someone at your bank who specializes in them. And remember, there are other financial options that might be more appropriate for your situation, for example, a Home Equity Line of Credit.