"What You Need To Know About Reverse Mortgages" is a good article published in the Chicago Tribune.  Two comments I would add: 

1. Yes, the older one is the more funds they can receive however, waiting until one is older before doing a reverse mortgage may not necessarily mean more funds.  This is because of potential changes in the market including higher interest rates (which affect the amount one can borrower) and potential cuts in the Principal Limit expected to be made by HUD.
2. And to the statement that the loans aren't cheap I want to note that reverse mortgages have the same costs as conventional or traditional mortgages... the difference is the FHA Mortgage Insurance Premium.  See a cost comparison at:  "Reverse Mortgage Costs - High or Mythical?" and an explanation of the costs at: "Do You Understand The Reverse Mortgage Closing Costs?" 
   

ABC Good Money does a good piece on reverse mortgages.  View video.

"Silver Tsunami:  Making The Case For Reverse Mortgages" published at www.financial-planning.com is a positive article on the benefits of reverse mortgages for financial planning.

The June 2010 issue of Metro Lutheran includes an article written by Beth Paterson in their Senior Living section.  Read "Reverse mortgages can meet multiple community interests" by clicking here.

Hosted by AARP, Inside E Street on Retirement Living TV does a good piece on reverse mortgages.  It can be viewed by clicking here.

In response to the media coverage on reverse mortgages that is providing false and misleading reverse mortgage information such as the October 25, 2009 Parade Magazine "Intelligence Report" written by Gary Weiss read Beth's latest Blog article:  "One Bad Apple Spoils The Bushel of Reverse Mortgages."  You'll be surprised on the number of fraudulent bad apples in the reverse mortgage industry.  (If you read the Parade Magazine article, be sure to read the comments that follow.)  To  share the response to this media message click here for a pdf of "One Bad Apple Spoils The Bushel of Reverse Mortgages."

The Media Needs The Reverse Mortgage Facts,
But Wait, There's More...Reverse Mortgage Facts The Media Needs to Know and