Mortgage Blog

How to Pay for Assisted Living and In-Home Care

Nice article as a general overview. I would like to offer some more specific commentary on Reverse Mortgages as they relate to helping pay for in-home care. A Reverse Mortgage is suitable for homeowners 62 and above that have equity in their homes. Reverse Mortgages are government insured loans specially designed for seniors with no monthly forward mortgage payments required. In the instance where a homeowner has a mortgage and/or other debt, a Reverse Mortgage is an ideal instrument that can be deployed to manage and help balance monthly cash flow. It’s nothing more than paying attentio...

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January 12th, 2016 | reverse credit line, Long Term Care, HECM Reverse Mortgage, Retirement security, Reverse Mortgage, Home Care, assisted living, How to Pay for Assisted Living and In-Home Care