My mother, 87, has $425,000 left on a home worth $1 million. How can I settle her debts when she passes? Should I take out a reverse mortgage?

My mother, 87, has minimal savings, and has $425,000 left on her mortgage. Her monthly payment is $3,300 and the home is valued between $800,000 and $1.1 million. But her Social Security payment is only $3,000 a month. I am supporting her right now. I have five siblings, but only one other is in a…#socialsecurity #marketwatch #medicaid #bankrate #dti #qualifyingdti #hei #heloc #tomomortgage #dowjonescompany

Source: Reuters: Health - February 10, 2024 Category: Consumer Health News Source Type: news