If your parents want to remain in their home and are struggling financially a reverse mortgage may be the answer for them.  The proceeds from a reverse mortgage can be used for anything such as daily living expenses, medical bills and prescription drugs, to pay off existing debts, education, travel, long term term health care, retirement and estate tax planning and others.

What are the alternatives for your parents?

• The alternatives may include:
• Selling their home and moving in with family
• Borrowing from their family
• Getting a home equity loan which requires a monthly repayment
• Doing Nothing

If your parents need financial help, call me.  A reverse mortgage may not be the best alternative for them.  But, you can help them a great deal by getting more information and finding an expert to help them.  Let me help your family look at the pluses and minutes for your individual situation so that together you can make an informed decision as to how to proceed.

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