Should you consider a reverse mortgage ???
Talk with your local mortgage professional for all the particulars and details.
Have you spoken to a tax professional. (An attorney or a CPA)
What about the gift tax?
How will it affect you or your heirs estate planning in the future?
Should you sell the property instead?
Will you have capital gains?
Dave Ramsey has lots to say in this informative video. He is, at least in this case NOT recommending a reverse mortgage.
Take a listen.