Looking for opinions.

Now that I'm "retired" we're searching for ways to free up some money. We decided to do a reverse mortgage. It's an FHA loan and if we qualify, we won't have to make a loan payment FOR THE REST OF OUR LIVES!
We checked it out at the AARP website. It turns out there were some horror stories about seniors losing their housing because of this mortgage. It goes like this - somehow the broker, for whatever reason, tells one of them to sign over or "quit claim" deed the property to the other. Why? It could be they'd get more income, a bigger lump sum or maybe one of them was too young to qualify. Well then, when the person holding the mortgage dies, the other one is forced to leave.
We did research on the various loans being offers and selected the one we wanted. After the company sent up a library of information, we next went to a counselor.
You can't get this loan without a mortgage counselor and it seems all of them want to charge you, up front, for their words of wisdom. We finally make an appointment with one that only charges if you close the deal.
As soon as we entered his office we could tell he was going to give us a really long song and dance. (Obviously wants us to close the deal. How else will he make his money?)
I explained that we both were real estate agents with lapsed licenses and were pretty astute in housing issues. My husband and I use to buy fixer uppers to rehab and sell before the market crashed. (Thank goodness we got out of that before getting stuck with a lemon!)
Nice guy, our counselor, but there must be something about being over 60 that makes people want to explain things like you're a child. Did I change my facial features so that I'm looking confused? On my way to senility??
Well, we got through that and sent the paperwork to our mortgage broker. This guy ends up trying to confuse us. He has our instructions on how we want to proceed, then calls and asks all the questions to find out how we wish to proceed.
I'm don't understand his problem until I ask, "Steve, do you have the figures we agreed to in front of you?" He confesses that his computer is slow and he's winging it. (Again, thinking I'm not going to catch on - aging adjustment??)
He sends all the paperwork to sign, sticking a post-it on one pile, "Sign these" and on the other pile, "Keep as your copy."
Trouble is, he sticks the wrong pile, which we dutifully sign - again, getting confused since it has blank pages that we feel we should fill out. The final clue that it was wrong - a stack of documents for "Joe Borrower." Why would he want us to go through paperwork for Joe Borrower?? Dated Aug. 2010??
So we go back to the other pile and realize there are highlights on various pages. Those blank pages we feel we should fill out are now brimming with information that needs our verification.
Well, we sent everything on it's way. Now we've got to wait for the FHA appraiser - with the market being so volatile, will our home be worth what we think?  Here's a picture of it. What do you think?