Reverse Mortgage for Seniors

  • Using a Reverse Mortgage Loan to Age in Place

    A reverse mortgage loan is one option that may deserve consideration as retirement needs grow and savings and Social Security benefits may not be enough to retire on comfortably and with confidence.

  • The Ins and Outs of a Reverse Mortgage Loan: Is It Right for You?

    A reverse mortgage is a type of home equity loan for seniors age 62 and older that is used to turn a portion of their home equity into cash. Is this financial planning tool right for you?

  • How Reverse Mortgages Affect Medicaid

    Seniors are pitched the benefits of a reverse mortgage as a way to "unlock" the equity in their home. However, what happens when they need a higher level of care, can no longer live in the home or try to qualify for Medicaid?

  • Understanding the Pros and Cons of Reverse Mortgages for Seniors

    More seniors are turning to reverse mortgages as a way of receiving supplemental income in retirement and covering the costs of aging in place. As with any financial strategy, it’s important to consider the benefits and drawbacks very carefully.

  • How to Pay for Home Care

    Depending on the circumstances, Medicaid, Medicare, long-term care insurance, and veteran’s programs may cover senior care at home. Explore these and other sources of financial assistance for elderly home care.

  • Methods of Paying for Assisted Living

    Most seniors cover assisted living costs by using a combination of savings, Social Security benefits, pension payments and retirement accounts. However, there are some government programs and financial tools that can help with these expenses.

  • Find Care & Housing
  • How Seniors Can Tap Home Equity for Retirement Income

    For some homeowners, a reverse mortgage may be the best way to provide retirement income or pay off debts. However, seniors have other options that may make more sense than a reverse mortgage, depending on their goals and financial situation.

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