For a great many of us, our homes are our most important and valuable asset. And as the years accumulate and our incomes drop, trying to take money out of the equity in our homes becomes an appealing and even necessary step for financial solvency. But it’s not without risk. For some unfortunate seniors, it could eventually lead to foreclosure and loss of the house- an all too tragic end for seniors hoping to age-in-place. Take a look Here at this recent Washington Post piece on seniors who have been suckered into what can be a formidable financial trap. More generally, instead of watching celebrities hawk reverse mortgages on tv, take a look Here at this new video from the Consumer Financial Protection Bureau about the basics and booby traps that can arise when securing a reverse mortgage. Finally, are you thinking of buying a house at a later stage in life? It’s not without precedent, but there are some risks. For further info, Read Here.