My mom is 76 and lives in a paid off house that is worth 550-650k but in need of several upgrades including HVAC. She has fully depleted her savings but does get $700 a month in ss income. She also has a mother-in-law rental on the property that she gets $1,600 a month for when it is rented. She can't afford to stay in her home but does not want to move. Housing is expensive in the area--she would pay about $1,500-2,000 a month for an apartment. Either way there will be no inheritance, so would it make sense for her to do the reverse mortgage and get to stay in her home? Thanks so much for any input! submitted by /u/AcademicNumber82 [link] [comments]