Home Forums Hunting & Shooting Hunter's Campfire reverse mortgage good and bad

My mother took out a reverse mortgage around 2002-2003 (house was paid off) and passed in 2017. If I remember correctly, she got around $425 a month for those 14 years. When she passed, she had received approx. $71K and the total owed was around $135K. Her house was sold for around $185K so my brother, sister and I split the remainder. Reverse mortgages are a useful tool that comes with high costs and interest. A realtor friend of mine who helped sell my mom's house said there are other options out there. You may want to talk to a financial advisor to see what else is available. Good luck.