Seniors want to live comfortably in their own homes for as long as they possibly can, and those of us who love them usually have the same goal. The costs of private healthcare, however, can be daunting and it’s good to know that there are options. Many of our seniors, without long-term care insurance, have researched and acquired a reverse mortgage to help subsidize their in-home care costs and stretch their savings. If you or a loved one is 62 years or older and own your home then you may qualify for monthly payments through the Federal Government’s Reverse Mortgage Program. Per Gary Wood, MBA in Houston, Texas, a licensed reverse mortgage expert for the area can meet with you personally and perform a reverse mortgage analysis to see approximately how much money you may qualify to receive each month. You remain the owner of your home and may still will it to your heirs. Having this additional income can give peace of mind and the flexibility to have caregivers on a more consistent basis and for longer period of times, as needed.
Visit the HUD website for the Top Ten Things To Know if you are interested in a Reverse Mortgage. Also, check out our article on Veterans Aid and Attendance Benefit as another option to offset costs of in-home care. Call Innovative Nurses & Sitters today at 713-523-2329 and let us answer any questions you may have.
