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Dawn Said:

my husband is 65 and I am 54. If we went with a reverse mortgage, what would happen if my husband died before?

We Answered:

Reverse mortages are one of the worst financial mistakes a human being can make.
Only next to buying a time share.

If you have no equity, the bank isn't going to give you anything each month.
They can only give you what you have in equity back over the years.
Google "reverse morgages complaints"
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Stephanie Said:

How do I talk my dad out of getting a Reverse Mortgage Loan?

We Answered:

If you own any part of the house and refuse to sign off on this then he can't get one. If he owns the house outright he does have that right and it really is his decision. Still, I'd just say that you don't do this unless you need to. The income is nice but you and he may need that money down the road for something else and there will be a pretty large expense (probalby a few thousand dollars) just to initiate the mortgage.