Maximize Your Home Equity With A HomeSafe Reverse Mortgage

“All you need is the plan, the road map, and the courage to press on to your destination.
– Earl Nightingale 

Considering a reverse mortgage?

Seniors ages 62+ can now access significantly more home equity than the HECM loan limits allow with a HomeSafe Reverse Mortgage, which could lead to funding a more comfortable and secure retirement.

HOMESAFE ADVANTAGES 

There are a number of significant advantages with a HomeSafe jumbo reverse mortgage, including the proceeds being tax-free with a lower-than expected competitive, fixed interest rate and more:

  • Loan limits of up to $4 million —significantly higher than a HECM allows
  • No mortgage insurance premium
  • Borrowers have the Flex1 option to receive part of their proceeds as monthly term payments (over a 12-60 month period), or as a lump sum
  • Condominiums appraised at $500,000 or more do not require FHA approval
With this new proprietary and powerful retirement financing tool you can use the proceeds as you choose. For example:
  • Pay off existing mortgage debt, have no monthly mortgage payments and improve cash flow
  • Preserve invested assets
  • Cover medical or in-home care expenses
  • Refinance an existing reverse mortgage to access a larger pool of funds

Contact me to learn more about the HomeSafe jumbo reverse mortgage  and how it might help you with your long-term retirement strategy.

When Aging Parents Need Help

Never give up, for that is just the place and time that the tide will turn.” – Harriet Beecher Stowe    

CARING FOR AN AGING PARENT

Many aging parents would like to maintain a level of independence for as long as possible and more and more seniors are wanting to age in place.

This is understandable but it’s not always easy if caregiving or assistance is required.

Caregiving has changed quite a bit over the years with technology playing a bigger role when it comes to immediate help (i.e. medical alerts) but for senior’s children or other family members it can be difficult to know where to turn for the basics and for different types of assistance.

Help is there though for everything from non-medical assistance home care to short or long-term home healthcare.

Senior Concierge Services

One solution is a “senior concierge.” If an aging parent does not require medical assistance but needs help with tasks such as grocery shopping, meal preparation, transportation to appointments, etc., a senior concierge service can be an ideal solution.

Senior concierge services provide a full range of personalized services based on the individual client’s non-medical needs.

Asking for help might present a challenge for an aging parent and language can make a difference. Senior concierge certainly has a nicer ring to it than a geriatric care manager making it a little easier to get over any initial resistance.

Home Healthcare 

Some families might find themselves in situations needing more assistance than a senior concierge can provide. In these cases a home healthcare professional may be required.

The demand for home healthcare workers is growing significantly as the number of seniors hoping to age in their own homes continues to increase.

Fortunately there is no lack of agencies, from national to local service providers, who will screen, hire, bond/insure, pay the salary and replace the employee if necessary. You can also hire someone directly via word-of-mouth referral or leveraging online resources.

Family Support 

A family might decide to take on their loved one’s care on their own and simply need some support from someone that can relate to what they are going through.

There are a number of support networks out there such as the Family Caregiver Alliance.

The Health and Human Services website in your city or county is also a resource for finding caregiver support, as well as a local senior center.

Regardless of what level of support or assistance you or your family members need, you are not alone and there are many avenues available to get help.

Would you or a family member like to learn more about paying for a senior concierge or home healthcare with a reverse mortgage? 

Contact me to have a conversation or to set up a complimentary personal assessment.