Financially strapped have a way to dig out of debt

Financially strapped have a way to dig out of debt
Staten Island Advance/Iriving SilversteinIran Lisser, a financial advisor at the city Department of Consumer Affairs Financial Empowerment Center in West Brighton, offers free advise to a couple from Rosebank.STATEN ISLAND, N.Y. — They have no credit card debt and only…
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Is there a better solution for the cash strapped elderly than the reverse mortgage? What are big pitfalls?

Reverse mortgage seems an easy out, but does it cost too much in the way of fees and is the variable interest a good risk in this economy? Is there a better solution I am not considering?