In recent years, reverse mortgages have ridden a popularity roller coaster. Once seen as loans of last resort, they came back in vogue in 2010 when a new “Saver” reverse mortgage became available that featured significantly lower upfront fees than those associated with the existing “Standard” reverse mortgage.

In late 2017, however, the fee structure changed again, making reverse mortgages less appealing — especially for borrowers wanting to use a reverse mortgage as a line of credit.