<prompt> Human: 1. My father is 63 and living seperate from my mother in a 350ish paid off house in a low col area. He pays all property taxes and insurance for home. 2. He has an education loan for daughter and maybe a home equity line of credit for something. 3. He works retiree jobs 25 ish k a year, pulls a government pension. He has broached my about that home as an inheritance and my thoughts on him doing this. I told him I just wanted to ensure him a comfortable retirement. My understanding right now is I think his expenses are making him without an ability to save much month to month on top of living expenses and wants to be able to build a cushion for a health shock or life events. My concern is I dont want the interest to go lopsided and the bank to make out like a bandit. Also I would want to liquidate the house for end of life care expenses when the time came. My feeling right now is the best way he can do this is to engage on a pay over time draw and hopefully the family can cover the better part of reverse mortgage closing 6-8k preventing that large interest hit every year from the get go. I think he is thinking mortgage a 100k and my rough goal right now is to come out with the banks share being 30k. I am thinking if he started the mortgage around 65 he would have the better part of 15 years in the house at around 80 i think he couldnt maintain it much anyway. And we could have that to liquidate and figure something else out for him. Thanks and thoughts?  <response>: If it is a low col area then down sizing to a cheaper house might be the way to go. 