Reverse Mortgages are a Long Term Solution.

 Reverse mortgages may not be for seniors who aren't sure how long they are going to be in their home.

 

The Federal Housing Administration, Fannie Mae, and Financial Freedom Senior Funding Corp.) may not be for seniors who aren't sure how long they are going to be in their home.  "If it's only for two years, it's not the best thing to do, "The high closing costs and presumed interest rates make these type of mortgages would not solve a seniors financial problems on the short term."