There are several considerations to make before deciding to proceed with a reverse mortgage loan. As with any large decision, it’s helpful to have an understanding of the pros and cons associated. Here at Review Counsel, we broke down the biggest pros and cons associated with a reverse mortgage. Our intent is to present an objective set of guidance on how the product works and what you need to look out for. There are reverse mortgage pitfalls to watch out for but a reverse mortgage can be a great tool for seniors to access a portion of their home equity in which to utilize for retirement.