Reverse Mortgage Quiz: Is It the Right Option for You?

  • Question of

    Do you already have savings?

    • No, we don’t
    • Not a lot
    • Yes, some
    • Yes, we have plenty
  • Question of

    If you don’t mind us asking, how old are you?

    • Over 65
    • Over 60
    • Over 55
    • Over 50
  • Question of

    Do you care about leaving money behind for your family?

    • Nope
    • Not particularly
    • Yes, I would like to if possible
    • It’s very important to me
  • Question of

    Would you say your home is in good order?

    • It’s perfect
    • It needs no major work
    • It could do with some work
    • It needs a lot of work
  • Question of

    Is there any chance you’ll want to move in the near future?

    • Definitely not
    • Probably not
    • Possibly
    • Yes
  • Question of

    Do you have a mortgage currently?

    • No
    • It’s almost paid off
    • Yes, owe a fair amount
    • Yes, still owe a lot
  • Question of

    Do you have federal debt?

    • Nope
    • Yea
    • Yes, and worry we may fall behind on payments
    • Yes, and we’re already behind on payments
  • Question of

    Could you lower your expenses instead?

    • Nah
    • Possibly
    • Yes, a little
    • Yes, a lot
  • Question of

    Is downsizing feasible instead?

    • No
    • Probably not
    • Possibly
    • Yes
  • Question of

    What do you hope to do with the money?

    • Use it for investments
    • More holidays
    • Daily living
    • Don’t know yet