#house equity

1 story

#71 #80000 #hecm #home equity conversion mortgage #medicaid #medicaid office #nursing home #reverse mortgage #widower

Elderly Man Uses Reverse Mortgage to Access $80,000
71-year-old widower takes $80,000 from house equity via reverse mortgage to avoid monthly payments, but Medicaid counts it as income after nursing home stay.
24/7 Wall St. · 1m