Summary: Thinking of taking out a reverse mortgage? Great decision! But make sure you know the right ways of using a reverse mortgage before signing the deal. A reverse mortgage gives you an opportunity to use up the equity of your home to attend to your retirement needs. You can contact any reverse mortgage lender through reverse mortgage leads and find out how much you can borrow. The best part is that you can use up the money and still be the owner of the house where you stay. Reverse mortgage can be used for various purposes. However, there are some worst uses that you may want to avoid. Here is a lowdown on the best and worst uses of reverse mortgage loans: Best Uses of Reverse Mortgage Pay off your existing debts Most senior home owners take out reverse mortgages to pay off their existing home loans, credit card debts, medical bills, or car loan. But if the income that you get through reverse mortgage does hardly anything to repay your debts you might be better of...