Cons:

• Accumulating interest can increase the loan balance
• Fees and interest rates can be high
• risk of foreclosure if you fail to pay property taxes or insurance
• May affect your eligibility for other government benefits

It's essential to carefully consider your financial situation, goals, and options before applying for a reverse mortgage. It's recommended to consult with a financial advisor, attorney, or a reverse mortgage specialist to determine if a reverse mortgage is right for you.