There is no “black or white” answer as to whether the Fixed Rate or the Adjustable Rate reverse mortgage is appropriate for you without knowing the future of your home value, interest rates, your cash needs, and of course, how long you will live.  General guidance is to consider the fixed rate reverse mortgage if you have a need for a large sum of cash.  The Adjustable Rate reverse mortgage is generally considered when there is no immediate need for a large sum of cash.  Circumstances can vary from borrower to borrower and consulting with a trusted financial advisor and/or family members is advised.