Reverse mortgages received bad press in the past before they were regulated by the government. Today they are an excellent option to allow adults age 62 and older remain in their homes by utilizing reverse mortgage funds for home care. Depending on the situation, monies from a reverse mortgage can be received monthly or in a lump sum. Because of the ease at which money slips out of our fingers, I believe that a monthly allowance is better than a lump sum. I’ve seen some older adults blow through a lump sum in a matter of months. The monthly allowance can then be used to pay for home care, prescriptions and related medical expenses, allowing the older adult to remain at home. When considering a reverse mortgage it is practical to know that you will be able to remain in the home for at least 3-5 years before the need arises to move to a care facility.