A recent article in Kiplinger’s Personal Finance offers advice for retirees who are thinking about selling their home and either downsizing or upsizing to a property that better suits their needs.

For people who’d rather age in place in their current home, a reverse mortgage can help.

At a time when interest rates on home equity lines of credit and loans average around nine percent, a reverse mortgage may be a more appealing option for retirees, says Kiplinger Senior Editor Sandra Block.

What they’re saying: “There’s no restriction on how homeowners must spend funds from a reverse mortgage,” says Block, “so you can use the money for a variety of purposes, including making your home more accessible, generating additional retirement income or paying for long-term care.”