Reverse mortgages are becoming a trend for senior citizens, but there are some things you need to know before jumping on board.

WesBanco Bank offers the HECM Reverse Mortgage or the Home Equity Conversion Mortgage.

For some people 62 years young this can be a blessing , but for some it can be a nightmare.

The reverse mortgage turns the equity in your home into cash, a line of credit or a monthly income.

The catch is a huge closing cost, for instance say you're allotted $50,000 well you may only see about 40-thousand of it.

Now of course the reverse loan isn't for everyone you must own your home and you have to be 62 or older to apply.

AARP and HUD do rave about this mortgage but understand if you pass away, your heirs will have two options.

That's either selling your house to pay the loan or pay the loan and keep the house.

The AARP website below has everything you need to know.

http://www.aarp.org/money/revmort/