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Just guessing here, since I really have no expertise on this issue:

I would suppose that selling would produce the greatest amount of money available to spend.

I would suppose that a reverse mortgage would produce a smaller, monthly stipend.

Having the money in cash means your father has the greatest ability to meet spending needs.

A reverse mortgage might leave him cash strapped like he is now.

Also --- frankly I don't think 90 year olds should be living alone in a house. They probably can't manage a house without extensive help, and are vulnerable to problems and hazards.

Personally, I plan on disposing of my house about age 70 and move into my rental house for three years or so, and then sell that.

I plan on renting for the rest of my days.

So frankly, my own biases support selling the house, not hanging on to it. But of course, your father apparently has different ideas.

Seattle Pioneer
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