Some older people in financial need may still choose to avoid a reverse mortgage for several reasons. Which of the following is not a reason?

Question

Quizplus · Accepted Answer

While it is true that income from a reverse mortgage does not change a person's tax bracket, this is typically not a reason why an older person in financial need would avoid a reverse mortgage. The other reasons listed, including the potential depletion of their estate, reluctance to take on debt, and lack of understanding of the risks, are all common reasons why someone may choose not to pursue a reverse mortgage.

Some Older People in Financial Need May Still Choose to Avoid