Reverse Mortgages Overview, Pros, and Cons Reverse Mortgages Overview Pros Cons Overview Offered to borrower age 62+.No mortgage monthly mortgage payment (uses up the equity in home instead). Pros Alleviates burden of mortgage payment for elderly.Borrower cannot be kicked out of their homes for lack of equity once loan is established. Cons Equity in property gets less and less the longer the borrower lives in home.Compounding interest accelerates the equity of loss the longer the loan is in effect. How Can All Shores Help You? Whether you’re looking to buy a home, refinance or consolidate debt, we will work with you to find the answer that best fits your needs. GET STARTED