Sam and Lois are in the 80's and are having financial difficulties because they lack the income monthly to make all of their payments. However, fortunately they bought a home many years ago that has increased in value. They currently have over $500k in equity in the home.

Review the options available to Sam and Lois to utilize their home to increase their monthly income and/or reduce their financial difficulties. I'd like to see a rigorous explanation of the following:

1. Reverse mortgage

2. Home equity loan

3. Sale-leaseback

4. Sale of a remainder interest in the home.

What, if any, would you recommend for Sam and Lois and why?