The home is paid off and worth about $800k. She's 80 years old and still lives on her own. She had been living off savings, no SS income as she was a career stay at home Mom. That savings is a few months from running dry (I didn't know about this until she told me recently). She lives a modest lifestyle so her living expenses aren't huge, but enjoys going on cruises from time to time. The idea of a reverse mortgage has been floating around, but I'm skeptical. Anyone have thoughts, suggestions or could point me in the right direction for further help? Thank you!
Submitted January 29, 2022 at 09:11PM by voldy_mort https://ift.tt/DLH4ZWiC8
