As our parents age we find ourselves taking on more and more responsibility, ranging from grocery shopping to using our money to help pay their bills. It can cause a lot of stress for the caregiver and it starts to seem like you never get to just sit and enjoy your parents company, it's go, go, go all the time. A little extra money could ease the financial stress and even provide some in-home care for grocery shopping, housework and more, leaving us more quality time with our parents.
A reverse mortgage can bring in that extra money. There's been a lot of talk about reverse mortgages in the news and we're seeing the commercials and ads, but there's a lot of misconceptions about them. The following page from the HUD website is a good place to start if you need more information about reverse mortgages.
Top Ten Things to Know if You're Interested in a Reverse Mortgage
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