The scenario is a familiar one: A married couple bought a $300,000 home in which to raise a family. Now the kids are gone, the parents are in their 60s and they have $150,000 equity in that home.

There are a number of financial issues to consider when choosing a senior retirement facility, says Steven J. Sless, national reverse mortgage division manager with PRMI and manager of the Steven J. Sless Group of PRMI in Owings Mills.

As in the case with most recessions, the COVID-19 global pandemic has investors and businesses looking to “leverage.”