Reverse Mortgage

Reverse Mortgage Elder Care


A client came to me, looking for a solution for his mother. Bedridden at 92, she wanted to remain in her home, with in-home hospice care, rather than move into a nursing home, for as long as possible. Her cash flow was running short, but she had a large amount of equity in her home and no mortgage.

After analyzing her expenses and considering the value of her property, we chose a reverse mortgage that would extend her time in her home for three more years — putting off the need to move into a nursing facility without eroding the majority of the equity in her home, in case the family wants to sell the home in the future. Taking this option enables her and her son to sell her home at a later date, extending her quality of life, and giving her the choice to remain in her home for longer than would otherwise have been possible.

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