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Do you mean Mom will be paying someone to stay with her from the referenced mortgage?

I think you may want to find other options. Maybe sell Moms house and use the money for an AL. Aides are not always reliable. And there are horror stories on this site about live ins.

Reversed mortgages are not for everyone.
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I agree with JoAnn29. Sell the home and use the proceeds for AL. She will have her own room, remain independent, have plenty of company, have 3 meals a day. Why does she need someone to stay with her? Make meals? Manage meds? Do housework? Perform other activities? All of this is provided with AL.
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Queen, there are pro and cons in regard to a reverse mortgage. For one thing, it is a loan that needs to be paid back. The pay back includes not only the money that was given to your Mom, but loan interest, and fees.

I agree with the other writers here, better to sell Mom's home and have her move into Assisted Living. My Dad did that, he first moved into Independent Living then into Memory Care. He loved it there. He said he wished he would have moved years earlier. The meals were excellent, he had housekeeping and linen service. Plus the security of knowing that there was a nurse available around the clock.

Dad was glad to get out of his home as it was becoming too much responsibility for him. He never looked back. No more real estate taxes, or utilities to pay. No more worry whenever there was a storm that something would be damaged. No more worry about power outages. Or shoveling the driveway in winter [he was in his 90's] or yard work [he did have a reliable person for mowing].

Dad used the equity in his house to pay for the senior facility. He enjoyed having people around him who were from his age group. He used to joke about his new "college dorm room" except the parties were quieter :)
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