Recently, financial expert, Jean Chatzky, did a three part series on the Today Show called “Taking Care of Mom & Dad”. Each of these segments specifically touched on real questions adult children have regarding what to expect as their parents age.
The video featured here is Part 2 – How to Handle the Cost of Aging Parents: Is a Reverse Mortgage Right For You?
Take a few minutes to watch this well done, informative short video. Find Part 1 here, and Part 3 here.
Jan Jordan is a Reverse Mortgage Specialist serving the Fort Collins, Loveland, Greeley, Longmont, Boulder and other Front Range areas of Colorado. Click here to contact Jan and learn if reverse mortgage is right for you.
Hi Jan,
You were referred to my husband and me by Mary Benson. We live in Santa Rosa, CA. I am 65 and mt husband will be 63 in November. He is not on the deed. I was diagnosed with gastric cancer in December 2016 and am currently undergoing treatment. I am unable to work while in treatment, and this has been a huge hit to my husband and I. We are both self-employed. Friends have started a gofundme page for me which has been a huge support. I would not have made it through the past 4 months of not working without the help of family and friends, but the gofundme is not income we can consistently rely on. We have not done exact numbers but believe we have about $375k equity in our home. A friend recently suggested a reverse mortgage, which my husband is pretty skeptical about. We would love some expert advice! Thank you.