Financial Planners are more and more recommending that their clients consider using a reverse mortgage as a tool to be a standby for retirement planning. An article published in the Journal of Financial Planning explains the idea.
The article points out that using a reverse mortgage/creditline allows homeowners to use a portion of the creditline between the ages of 62-70 while delaying Social Security payments until the age of 70. this allows the maximum benefit from Social Security. Withdrawing from the credit line is tax free and the creditline balance grows over time. It is a win-win situation.
It is an idea that is growing in popularity. Let me know how I can help you.