Quote:
Originally Posted by retiredguy123
According to Zillow, the house is worth $554K. The obvious possible solutions are to either get a mortgage on the house and use the cash to pay bills, or to sell the house and buy a less expensive house or get a rental. The missing information is what is her equity in the house?
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If there is enough equity in the house, it sounds like a reverse mortgage would be a very good option.