Reverse mortgage is the central topic of this informative article. The text presents María, a 79-year-old woman who lives alone in an apartment in Valencia, where she raised her two children. The dwelling, which cost her almost thirty years of mortgage payments, is now completely paid off and is currently worth much more than when it was purchased.
However, María's financial reality is different. Her pension only allows her to cover basic daily expenses. This limited income does not allow her to face additional expenses such as paying for a caregiver for a few hours a day, adapting the bathroom to her needs, or occasionally traveling to visit her grandchildren.
The article suggests that reverse mortgage could be a solution for elderly homeowners like María, allowing them to monetize the value of their property without having to sell it, converting it into a source of additional income.
