Should my Mom and Dad get a Reverse Mortgage?

"The sandwich generation" is a term being used to describe adult children who are taking care of both their own children, and their aging parents. It can be difficult, both financially and emotionally, to provide for your parents as they face medical problems and need more assistance with day-to-day living.

With long term care insurance becoming both more scarce and more expensive, your parents may need to draw upon their hard-earned retirement funds more than they'd anticipated. For many, a Reverse Mortgage can help close the gap, whether the senior chooses a line of credit, lump sum, or monthly 'income' payments that will last as long as they live in their home.

American Advisors Group, the largest Reverse Mortgage lender in the U.S., has realized the need for adult children to be able to discuss finances with their elderly parents and has released two new commercials depicting this scenario. Though some children may be embarrassed to bring up the subject of money, it can be a vital topic in ensuring that the senior will be able to live safely and comfortably.

Not sure how to approach the topic? We have a brochure for you called "Should My Mom and Dad Get a Reverse Mortgage?" Besides covering the basics of a Reverse Mortgage loan, it can help you start the conversation.

For your free, no obligation copy, call me at (510) 610-5223 or send me an e-mail at ed.ramos@fpfmail.com. I appreciate the opportunity to help you however I can.