Ask your Mom how she feels about the family home and what she worries about. Then, as part of your Mother's Day card, next to the word "love" write down how much income she could receive on a monthly basis from a reverse mortgage. To get that number, go to the Reverse Mortgage Lenders Association's Web site and use its mortgage calculator. It will give you the potential amount your mom may qualify to receive based on her age, location and the value of the home.
That's how to really celebrate Mother's Day: The gift of financial peace of mind. It will be a gift she'll truly appreciate because you've taken away a huge worry. That's the Savage Truth.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
Oil *
117.67
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DOWN
89.23 |
DOWN
9.31 |
DOWN
23.35 |
DOWN
0.78 |
10 Yr
1.97%
SPDR Gold
167.14
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-0.69%
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-0.69%
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-0.80%
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-3.81%
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