How can we get extra money at home to help my care for my grandmother?

This question has been closed for answers. Ask a New Question.


Reverse Mortgages. Yes, the word may strike fear in the hearts of many, but the Reverse Mortgages we may have been familiar with in the past, ... are now a thing of the past. Reverse Mortgages are now only allowed through the Federal Housing Administration, and very carefully monitored. In fact, as a Mortgage Professionsl, I can not even lift a pen to take an application for someone, until they have received their "Reverse Mortgage Coulseling Certificate" from a HUD sponsored Counseling Agency.

Here are some highlights of the Reverse Mortgage:
-The senior and then the trust always maintain Title of the property.
- Depending on the available equity, seniors can receive a guaranteed amount of money for as long as they stay in the home to use for whatever they want, and never have to make a mortgage payment for the rest of their lives.

These are just a couple of the many benefits associated with an FHA ensured reverse Mortgae, ..
Helpful Answer (0)

Has your mother applied for Medical? Have you contacted your local dept of aging for information.
Helpful Answer (0)

This question has been closed for answers. Ask a New Question.