 TITLE: What Is the Downside of a Reverse Mortgage? CONTENT: Explore All Your Options\n------------------------\nOn its surface, a reverse mortgage might sound like an ideal way to use your home for income. However, both upfront and ongoing costs accompany a reverse mortgage, along with a variable interest rate. Another pitfall: Because interest and fees are tacked on to the loan balance each month, the balance increases—and as the balance goes up, your home equity goes down.\nBecause of the numerous downsides to reverse mortgages, be sure to explore all of your borrowing alternatives to ensure your finances don't end up going in reverse. END