Should you use reverse mortgage to pay off home loan?

How, when and why to take a reverse mortgage

"I reached 62 this year and have a mortgage balance of $85,000 on my house, which is worth about $400,000. I plan to continue working and making my payment of $1,076 until the balance is paid off, which will be in another eight years … Or should I pay off the balance now with a reverse mortgage?"

Your question is relevant to all the baby boomers now reaching 62 who have mortgage balances. My answer depends on which of the four groups I describe below best describes you.