Using A Reverse Mortgage To Pay For Senior Care
Many seniors are in a situation where they do not have the income or savings to pay for personal care, for home modifications to enable aging in place, or for long term care insurance. However, they do have financial resources tied up in their home ownership. For some of these seniors, a reverse mortgage is a good option. That said, every family’s situation is unique, and in some cases, a reverse mortgage is not the best option.