Dear Harry: I am 63 and on disability. My wife works, but with the present state of the economy, we're scraping to get by just like a lot of others. We have used up most of our savings just to make ends meet. We own our own home free and clear. It's worth about $200,000 today. We are thinking of getting a reverse mortgage to do some needed repairs and to establish an emergency fund. We don't want to have a home-equity loan because the monthly payments would be killers. Is this the way to go?
