My mother will be returning home at one point and the thought is to prepay her mortgage for 5 years with her investment assets. This way she has no monthly mortgage payments for 5 years and can start saving some money for the end of the 5 year prepaid timeframe
I have considered doing some work on my mother's house, since I am likely to inherit it. My hesitation here is that I could pay thousands to improve it, then end up losing the house if she has to go on Medicaid. I decided it was not the wisest thing I could do, since I don't know the future and my state doesn't like to let anything slip past recovery without a struggle.