The following tips will help protect older adults from being taken
advantage of:

• Deal only with lenders that behave in an honest and professional manner. Seek out lenders that think in your best interests, and take the time to help you identify the most economical choice given your situation.
  
  
• Feel free to involve friends and relatives in the process, but make sure they are fully informed. Many people are still misinformed about reverse mortgages.
  
  
• Do not give your social security number to any lender until you have decided to do business with that lender.
  
  
• All reverse mortgages require that you speak to a third party counselor. This is done to ensure that you are fully informed.