One of the things I noticed about the reverse mortgage websites I looked at is that they don't list the interest rate(s). Instead, they ask the user a bunch of questions. That makes me suspicious that the interest rates are bad.

I still don't know what the interest rates are. But, my ex-girlfriend's mother has/had one of these, it's time to pay back the mortgage, and she has to sell the house and move into an apartment.

As a general rule, an elderly person should maintain enough wealth to pay for five years in a nursing home. The good news is that if you're going in a nursing home, you're probably circling the drain and you're not going to be there that long. The average stay in about two years. But, my grandmother was in a nursing home for five years, and it almost wiped out all of her wealth.