Is a reverse mortgage OK for your parents?
When Jane Blume saw that her mother was running out of money, she was worried. Her mother, then in her mid-90s and still living in her Brooklyn co-op, was having difficulty paying bills. Her only sources of income were Social Security and rapidly-dwindling savings.
http://www.foxbusiness.com/personal-finance/2011/01/20/reverse-mortgage-ok-parents/
http://www.foxbusiness.com/personal-finance/2011/01/20/reverse-mortgage-ok-parents/
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