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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. 

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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.

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Educational graphic explaining reverse mortgage and home equity strategy
Senior woman using a walker illustrating how home equity can help pay for medical care

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.

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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?

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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.

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Retirement planning chart showing home equity and financial strategy comparison

PROGRAM BENEFITS:

  • You Get the Professional In-Home Care, Assisted Living or Skilled Nursing That You Need 

  • You or Your Trust Remain the Owner of Your Home, Protecting Your Children’s Inheritance

  • You Will Never Have to Pay a Monthly Mortgage Payment Again

  • You May Qualify for Monthly, Tax-free Income Based on Your Equity

  • Your Income Stream is Even if Your Home Value Declines

  • Social Security and Medicare Benefits Are Not Affected

Contact us to learn more about how HECM-For-Care can help you!

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