For this episode, we invited Cece Delgado from Fairway to talk about reverse mortgages.  Dan started the conversation by asking about the history and milestones of reverse mortgages.  Cece then explained some typical misconceptions: some people think once you sign the reverse mortgage, the house is no longer yours, or that they will leave their heirs a lot of debt.  On the contrary, reverse mortgages can be useful tools for some seniors.  You are basically utilizing the value of your house while you still live in it.  Like any product, they are not for everyone: if you consider the house your legacy or your heir has an emotional attachment to the house, or you only plan to stay in the house for a couple of years, maybe this is not the route for you.  Nathaniel was curious about what the underwriting process looks like.  Cece talked about the three key factors that determine how much credit the homeowners will get: their age, the value of the house, and the expected rate.  Cece said it brilliantly: the biggest hurdle is for people to change the "debt-free is the only way for retirement" mentality.  Talk to a professional before you say "no way!"