“My dad heard you talking about reverse mortgages on your radio show and wondered if this is something that would help him. He’s 86, sold his home in New York and moved in with me a month ago. He has almost $500,000 from his house and the auction of his furniture.
He doesn’t know if he should rent a home and keep some money in the bank, or buy a home and not have to pay back the mortgage. Can you help us sort this out?
Gene answers your neighbors financial questions on More than Money.
Send in your concerns: Gene@AskMtM.com