--- title: "Meaning & Key Takeaway of: A reverse mortgage is available to anyone…" description: "\"A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage balance remaining.\" — Suze Orman" image: "https://sms4smile.com/quotes/i/097/suze-orman-1007_anyone_a-reverse-mortgage-is-available-to-anyon_273317.png" --- # A reverse mortgage is available to anyone who is at least… ![“A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage balance remaining.” quote by Suze Orman](https://sms4smile.com/quotes/i/097/suze-orman-1007_anyone_a-reverse-mortgage-is-available-to-anyon_273317.png) [Download](https://sms4smile.com/quotes/i/097/suze-orman-1007_anyone_a-reverse-mortgage-is-available-to-anyon_273317.png) [Open image](https://sms4smile.com/quotes/i/097/suze-orman-1007_anyone_a-reverse-mortgage-is-available-to-anyon_273317.png) > “A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage balance remaining.” [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Reverse mortgages let seniors convert home equity into cash, but require careful consideration of fees, interest, and long‑term impacts. **In simple terms:** Seniors can tap home equity, but must weigh costs and future needs. Key Takeaway Assess long‑term financial goals before proceeding. Themes financial planning senior finance home equity risk management retirement Mood cautious practical Type advisory educational When to use this quote - retirement planning - debt reduction - estate planning - cash flow management Key Concepts reverse mortgage home ownership age‑related finance Questions to Reflect On - Is this the best option for your financial situation? - How will it affect your estate? A Different Perspective High fees and reduced inheritance may outweigh benefits for some. ★ ★ ★ ★ ★ No ratings yet [Anyone](https://sms4smile.com/quotes/about/anyone/) [Available](https://sms4smile.com/quotes/about/available/) [Balance](https://sms4smile.com/quotes/about/balance/) [Customer](https://sms4smile.com/quotes/about/customer/) [Home](https://sms4smile.com/quotes/about/home/) [Mortgage](https://sms4smile.com/quotes/about/mortgage/) [Mortgage Available](https://sms4smile.com/quotes/about/mortgage-available-2666672/) [Mortgage Balance](https://sms4smile.com/quotes/about/mortgage-balance-2666674/) [Old](https://sms4smile.com/quotes/about/old/) [Outright](https://sms4smile.com/quotes/about/outright/) [Owns](https://sms4smile.com/quotes/about/owns/) [Remaining](https://sms4smile.com/quotes/about/remaining/) [Reverse](https://sms4smile.com/quotes/about/reverse/) [Reverse Mortgage](https://sms4smile.com/quotes/about/reverse-mortgage-1803906/) [Small](https://sms4smile.com/quotes/about/small/) [Small Mortgage](https://sms4smile.com/quotes/about/small-mortgage-2666673/) [Who](https://sms4smile.com/quotes/about/who/) [Years](https://sms4smile.com/quotes/about/years/) ## Related quotes > [If you can't afford the upkeep of your home, it makes no sense to do a reverse mortgage. You will just end up having…](https://sms4smile.com/quotes/suze-orman/if-you-can-t-afford-the-upkeep-of-your-home-it-makes-no-sense-to-do-a/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out…](https://sms4smile.com/quotes/suze-orman/while-a-reverse-mortgage-can-indeed-be-a-viable-way-to-generate/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out…](https://sms4smile.com/quotes/suze-orman/if-you-pay-off-your-mortgage-before-retirement-you-take-a-huge/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Cash from a reverse mortgage can be paid out in several ways, including a lump sum, a monthly payment, a line of credit, or…](https://sms4smile.com/quotes/charles-duhigg/cash-from-a-reverse-mortgage-can-be-paid-out-in-several-ways/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home…](https://sms4smile.com/quotes/charles-duhigg/because-the-fees-associated-with-a-reverse-mortgage-are-high-such/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like…](https://sms4smile.com/quotes/charles-duhigg/it-is-almost-always-a-bad-idea-to-use-a-reverse-mortgage-to-pay-for-a/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Lawsuits against reverse mortgage companies, including the nation's largest, Financial Freedom Senior Funding, contend that those firms helped pressure older Americans into bad investments.](https://sms4smile.com/quotes/charles-duhigg/lawsuits-against-reverse-mortgage-companies-including-the-nation-s/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.](https://sms4smile.com/quotes/charles-duhigg/some-financial-advisers-say-anyone-who-may-move-in-less-than-seven/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [Health care confronts us with a difficult test. We have never corrected failure in something so deeply embedded in people's lives and in the…](https://sms4smile.com/quotes/atul-gawande/health-care-confronts-us-with-a-difficult-test-we-have-never/) [Atul Gawande](https://sms4smile.com/quotes/author/atul-gawande/) > [I'd like to win the British belt outright.](https://sms4smile.com/quotes/james-degale/i-d-like-to-win-the-british-belt-outright/) [James DeGale](https://sms4smile.com/quotes/author/james-degale/) > ['Horrible Bosses' is just blatant, outright fun. I've read some of what the critics have said, and it's incredible how mean critics can be…](https://sms4smile.com/quotes/chris-pine/horrible-bosses-is-just-blatant-outright-fun-i-ve-read-some-of-what/) [Chris Pine](https://sms4smile.com/quotes/author/chris-pine/) > [Now that he has disavowed as outright lies many of the stories he told himself, it's hard to know what to make of those…](https://sms4smile.com/quotes/jane-mayer/now-that-he-has-disavowed-as-outright-lies-many-of-the-stories-he/) [Jane Mayer](https://sms4smile.com/quotes/author/jane-mayer/) > [I haven't had trouble with writer's block. I think it's because my process involves writing very badly. My first drafts are filled with lurching,…](https://sms4smile.com/quotes/jennifer-egan/i-haven-t-had-trouble-with-writer-s-block-i-think-it-s-because-my/) [Jennifer Egan](https://sms4smile.com/quotes/author/jennifer-egan/) > [If you're going to take a jab at someone, you should at least have a bit more of a personal relationship with them. I…](https://sms4smile.com/quotes/harland-williams/if-you-re-going-to-take-a-jab-at-someone-you-should-at-least-have-a/) [Harland Williams](https://sms4smile.com/quotes/author/harland-williams/) > [“It's not that I was an outright nitwit of a child.”](https://sms4smile.com/quotes/augusten-burroughs/it-s-not-that-i-was-an-outright-nitwit-of-a-child/) [Augusten Burroughs](https://sms4smile.com/quotes/author/augusten-burroughs/) ## More by Suze Orman > [I've never believed unemployment numbers because the way that they calculate unemployment makes no sense whatsoever. It's not how many people are unemployed. It's…](https://sms4smile.com/quotes/suze-orman/i-ve-never-believed-unemployment-numbers-because-the-way-that-they/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Never invest emergency savings in the stock market.](https://sms4smile.com/quotes/suze-orman/never-invest-emergency-savings-in-the-stock-market/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Just because you can afford it doesn't mean you should buy it.](https://sms4smile.com/quotes/suze-orman/just-because-you-can-afford-it-doesn-t-mean-you-should-buy-it/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward…](https://sms4smile.com/quotes/suze-orman/your-goal-should-be-to-pay-off-your-credit-card-bills-in-full-at-the/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as…](https://sms4smile.com/quotes/suze-orman/consider-a-15-or-20-year-fixed-rate-mortgage-instead-of-a-30-year-if/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. I deserve to…](https://sms4smile.com/quotes/suze-orman/believing-you-are-worthy-of-love-means-that-you-believe-i-deserve-to/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Women fake orgasms and men fake finances.](https://sms4smile.com/quotes/suze-orman/women-fake-orgasms-and-men-fake-finances/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [If you're not staying on top of your money, you are putting your financial well-being at risk.](https://sms4smile.com/quotes/suze-orman/if-you-re-not-staying-on-top-of-your-money-you-are-putting-your/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [When you understand that your self-worth is not determined by your net-worth, then you'll have financial freedom](https://sms4smile.com/quotes/suze-orman/when-you-understand-that-your-self-worth-is-not-determined-by-your/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [ I think Oprah's \[winfrey\] learned from me that it's OK to be harsh on people because in one's harshness you can see transformation happen… ](https://sms4smile.com/quotes/suze-orman/i-think-oprah-s-winfrey-learned-from-me-that-it-s-ok-to-be-harsh-on/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [No well-planned retirement should be without long term care insurance. It is the very cornerstone of retirement security.](https://sms4smile.com/quotes/suze-orman/no-well-planned-retirement-should-be-without-long-term-care-insurance/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [The chances of a bank going out of business are extremely slim, but it's always a good idea to spread around major sums so…](https://sms4smile.com/quotes/suze-orman/the-chances-of-a-bank-going-out-of-business-are-extremely-slim-but-it/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [True generosity is an offering; given freely and out of pure love. No strings attached. No expectations. Time and love are the most valuable…](https://sms4smile.com/quotes/suze-orman/true-generosity-is-an-offering-given-freely-and-out-of-pure-love-no/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Be as good to yourself as you are to those you love.](https://sms4smile.com/quotes/suze-orman/be-as-good-to-yourself-as-you-are-to-those-you-love/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [I'm a big advocate of a work-for-pay setup rather than an allowance that isn't attached to chores - it's a great way to impart…](https://sms4smile.com/quotes/suze-orman/i-m-a-big-advocate-of-a-work-for-pay-setup-rather-than-an-allowance/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) [Explore all 309 Suze Orman quotes ](https://sms4smile.com/quotes/author/suze-orman/) ## More Anyone quotes > [A lot of people have been saying 'The 100' reminds them of 'Lord Of The Flies,' 'Lost' and 'Battlestar Galactica,' and all of those…](https://sms4smile.com/quotes/marie-avgeropoulos/a-lot-of-people-have-been-saying-the-100-reminds-them-of-lord-of-the/) [Marie Avgeropoulos](https://sms4smile.com/quotes/author/marie-avgeropoulos/) > [Anyone who's read my 'Terror in the Skies' series knows that I have not been writing with an eye toward approval from any government…](https://sms4smile.com/quotes/annie-jacobsen/anyone-who-s-read-my-terror-in-the-skies-series-knows-that-i-have-not/) [Annie Jacobsen](https://sms4smile.com/quotes/author/annie-jacobsen/) > [Becoming famous is a really shocking thing, especially when you don't have aspirations to it. It got to the point where I would try…](https://sms4smile.com/quotes/alison-moyet/becoming-famous-is-a-really-shocking-thing-especially-when-you-don-t/) [Alison Moyet](https://sms4smile.com/quotes/author/alison-moyet/) > [I don't think I've met anyone with a stronger work ethic than Ray Charles.](https://sms4smile.com/quotes/clint-eastwood/i-don-t-think-i-ve-met-anyone-with-a-stronger-work-ethic-than-ray/) [Clint Eastwood](https://sms4smile.com/quotes/author/clint-eastwood/) > [As a new mother, you're so vulnerable and make mistakes all the time. I guess there's more pressure when you're in the public eye,…](https://sms4smile.com/quotes/jessica-marais/as-a-new-mother-you-re-so-vulnerable-and-make-mistakes-all-the-time-i/) [Jessica Marais](https://sms4smile.com/quotes/author/jessica-marais/) > [I think anything that anyone writes thats any good is going to have a lot of autobiography.](https://sms4smile.com/quotes/stephen-adly-guirgis/i-think-anything-that-anyone-writes-thats-any-good-is-going-to-have-a/) [Stephen Adly Guirgis](https://sms4smile.com/quotes/author/stephen-adly-guirgis/) > [I don't have any regrets or hold any grudge against anyone.](https://sms4smile.com/quotes/cooper-kupp/i-don-t-have-any-regrets-or-hold-any-grudge-against-anyone/) [Cooper Kupp](https://sms4smile.com/quotes/author/cooper-kupp/) > [When you rely on incentives, you undermine virtues. Then when you discover that you actually need people who want to do the right thing,…](https://sms4smile.com/quotes/barry-schwartz/when-you-rely-on-incentives-you-undermine-virtues-then-when-you/) [Barry Schwartz](https://sms4smile.com/quotes/author/barry-schwartz/) > [We cannot stop anyone from criticising us.](https://sms4smile.com/quotes/inzamam-ul-haq/we-cannot-stop-anyone-from-criticising-us/) [Inzamam-ul-Haq](https://sms4smile.com/quotes/author/inzamam-ul-haq/) > [Don't compare your career to anyone else's. It's tough when you're in a business that's competitive. I was having a difficult time with that…](https://sms4smile.com/quotes/danielle-brooks/don-t-compare-your-career-to-anyone-else-s-it-s-tough-when-you-re-in/) [Danielle Brooks](https://sms4smile.com/quotes/author/danielle-brooks/) > [The Syrians are better suited to sort out their internal divisions than anyone else.](https://sms4smile.com/quotes/richard-engel/the-syrians-are-better-suited-to-sort-out-their-internal-divisions/) [Richard Engel](https://sms4smile.com/quotes/author/richard-engel/) > [I haven't talked to any young artists for a long time. But if we did sit down, I'd definitely tell them my viewpoint. If…](https://sms4smile.com/quotes/suzi-quatro/i-haven-t-talked-to-any-young-artists-for-a-long-time-but-if-we-did/) [Suzi Quatro](https://sms4smile.com/quotes/author/suzi-quatro/) > [Don't take anyone for granted, just because they texts you first doesn't mean they're going to chase you around and be your last choice..](https://sms4smile.com/quotes/anonymous/don-t-take-anyone-for-granted-just-because-they-texts-you-first-doesn/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I'm talking to anyone who has been dumped - have not gotten the job you really wanted or have received those horrible rejection letters…](https://sms4smile.com/quotes/jill-abramson/i-m-talking-to-anyone-who-has-been-dumped-have-not-gotten-the-job-you/) [Jill Abramson](https://sms4smile.com/quotes/author/jill-abramson/) > [The theme of the party was Neverland Ranch, so guests were asked to come as anyone or anything associated with Michael Jackson. It was…](https://sms4smile.com/quotes/april-winchell/the-theme-of-the-party-was-neverland-ranch-so-guests-were-asked-to/) [April Winchell](https://sms4smile.com/quotes/author/april-winchell/) [Browse all 2,049 Anyone quotes ](https://sms4smile.com/quotes/about/anyone/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage balance remaining.", "creator": { "@type": "Person", "name": "Suze Orman" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/suze-orman/a-reverse-mortgage-is-available-to-anyone-who-is-at-least-62-years/", "about": { "@type": "Thing", "name": "Anyone" }, "@id": "https://sms4smile.com/quotes/suze-orman/a-reverse-mortgage-is-available-to-anyone-who-is-at-least-62-years/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/097/suze-orman-1007_anyone_a-reverse-mortgage-is-available-to-anyon_273317.png", "contentUrl": "https://sms4smile.com/quotes/i/097/suze-orman-1007_anyone_a-reverse-mortgage-is-available-to-anyon_273317.png", "url": "https://sms4smile.com/quotes/i/097/suze-orman-1007_anyone_a-reverse-mortgage-is-available-to-anyon_273317.png", "width": 1080, "height": 1080, "caption": "“A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a…” — Suze Orman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Suze Orman", "item": "https://sms4smile.com/quotes/author/suze-orman/" }, { "@type": "ListItem", "position": 4, "name": "A reverse mortgage is available to...", "item": "https://sms4smile.com/quotes/suze-orman/a-reverse-mortgage-is-available-to-anyone-who-is-at-least-62-years/" } ], "@id": "https://sms4smile.com/quotes/suze-orman/a-reverse-mortgage-is-available-to-anyone-who-is-at-least-62-years/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```