HECM-for-Care
The HECM-for-Care product helps seniors utilize the equity in their homes to afford professional in-home care, assisted living, or skilled nursing.
Thanks to modern medicine and healthier lifestyles, people are living longer than ever before. As a result, many seniors are able to maintain a higher quality of life and enjoy quality time with their loved ones for longer. However, there comes a time in many seniors’ lives when it becomes increasingly difficult to manage day-to-day activities or to care for a spouse or parent whose health is declining. Whether it is due to Alzheimer’s, dementia, a physical handicap, or other health limitations - many seniors and caregivers reach a point when they need outside professional help.
However, paying for a professional or skilled nurse to provide in-home care can be very expensive - especially since most seniors rely on a fixed income to survive financially. Many can only afford a portion of the care hours that they actually need, which places a huge burden on the caregiver, spouse, children, and/or patient – and in this situation, everyone suffers.
So what options do seniors have when Social Security, pensions, cash, or other types of assets are simply not enough to afford the care they need?
One option is to consider a HECM-for-Care program or a Home Equity Conversion Mortgage.
This program helps seniors convert a small portion of the equity in their homes into tax-free cash flow. This can help them afford the professional in-home care they need to stay in their homes and maintain their health and independence.
PROGRAM BENEFITS:
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You Get the Professional In-Home Care, Assisted Living or Skilled Nursing That You Need
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You or Your Trust Remain the Owner of Your Home, Protecting Your Children’s Inheritance
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You Will Never Have to Pay a Monthly Mortgage Payment Again
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You May Qualify for Monthly, Tax-free Income Based on Your Equity
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Your Income Stream is Even if Your Home Value Declines
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Social Security and Medicare Benefits Are Not Affected
Contact us to learn more about how HECM-For-Care can help you!