Should I take out a reverse mortgage?

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Money Magazine: Ask the Expert
(Money Magazine) -- My wife and I are 62 and just starting to take Social Security. We're thinking about taking out a reverse mortgage and using it as a line of credit. The extra money could come in handy. What do you think? -- S.W., Red Oak, Texas

A reverse mortgage can be a good way for people 62 and older to turn their home equity into extra spending cash that can supplement Social Security and withdrawals from savings, making retirement more enjoyable than it otherwise might be.

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http://money.cnn.com/2011/02/01/pf/expert/reverse_mortgage.moneymag/

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