Could A Reverse Mortgage Save Your Parents’ Lifestyle?
Helen didn’t want to sell her house. She was having a tough time paying for prescriptions, medical bills and she would need a new car soon. If she sold her house, she’d have to make repairs anyway.
“I just didn’t want to move,” she said. “I probably could’ve gone into something smaller and cheaper.”
That’s when Helen remembered something she heard about in a real estate seminar years ago. She was going to research reverse mortgages. She eventually took one out.
“I’m not an extravagant person. It didn’t take much to keep me happy.”
She was able to put in new windows and floors. She paid off her credit card debt, too.
“That was the biggest relief to get rid of that because it was about 8,000 dollars.”
Post from: Reverse Mortgage Loan Blog
