Reverse mortgages can be helpful tools, but they’re not without risks. Some common traps have caught seniors off guard, leading to financial stress. If you’re thinking about taking out a reverse mortgage, it’s important to understand the risks. Here's a simple breakdown of the biggest reverse mortgage traps to avoid — and why knowing them can protect your home, your finances and your peace of mind. One of the most common misconceptions is that a reverse mortgage means you don’t have to worry about anything related to your home anymore. That’s not true. You’re still responsible for paying property taxes, homeowner’s insurance and maintaining the home. If you fall...