If you're going to tap into your home equity with a reverse mortgage, make sure you're doing so at an optimal age. Getty Images

The average home value in the United States is currently $368,581, a 0.3% increase from the year before, according to the latest Zillow data. But while home values remain high, sticky inflation has been pushing up the costs of just about everything. As a result, retirement costs are also elevated, leading some seniors to consider the benefits of a reverse mortgage .

Through a reverse mortgage , seniors have the option of tapping their home equity in retirement without selling the home or repaying the loan immediately, and there are no monthly payments to factor in. Typically, you must be at least 62 years of age to qualify for a reverse m

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