Category Archives: Reverse Mortgage
Can I Afford In-Home Elderly Care?
Staying at home isn’t always affordable, according to a recent US News and World Report article. The article, entitled “Can You Afford In-Home Elderly Care?”, says about 80% of seniors are concerned about being able to afford home health care costs, based on a 2019 SCAN Health Plan survey. Paying for personalized in-home senior… Read More »
Is there a Better Plan than a Reverse Mortgage?
If you’re 62 or older, one way to get a bit more cash, is to use the equity in your home in a reverse mortgage. It’s a type of loan that allows you to borrow against the equity in your home and receive a set monthly payment or line of credit (or a combination… Read More »
Do I Need Long-Term Care and Why?
A recent article by Forbes entitled “Does Medicare Pay For Long-term Care? Don’t Make A Big Mistake!” explains that there are several settings that provide long-term care. These include adult day-care centers, nursing facilities, assisted living facilities and residential care communities. Many people think Medicare pays for long-term care because there are some services… Read More »
Paying for Long-Term Care
The recent article from MarketWatch, “This is how much long-term care could cost you, and don’t expect Medicare to help, ” reports that most people over 65 will eventually need help with daily living tasks, like bathing, eating, or dressing. Men will need assistance for an average of 2.2 years, and women will need… Read More »
Will a Reverse Mortgage Help Me in Retirement?
It’s not uncommon for a homeowner to take out a home equity line of credit or borrow against an existing one. This can provide the funds to pay some bills and stay afloat. Another option if you’re at least 62 with a home that’s not heavily mortgaged, is to take out a reverse mortgage…. Read More »