When should a reverse mortgage be considered? (From an article by The Mortgage Professor)

A reverse mortgage should be considered in 10 different situations For seniors: 1.Whose incomes drop when they retire, but still have to make mortgage payments 2.Retiring before 65 who want to delay applying for Social Security benefits 3.Living on Social Security or small pensions who want to supplement their incomes 4.Who have retired with a nest egg but are worried their money won’t last 5.Seeking protection against a sudden drop in income, whether a spouse dies or pension is terminated 6.Wanting to buy a house without the monthly payment 7.Looking for an effective way to manage fluctuating incomes 8.In need of resources to meet occasional expenses 9.Planning to sell their homes in a few years, but need supplemental income in the meantime 10.With multiple needs requiring multiple payment options