In-Home Care and Reverse Mortgages in San Diego and California

Strategies For Aging In Place with a Reverse Mortgage

   

In its very inception, the reverse mortgage was designed and created as a way for an older homeowner to remain living in the home they want to stay in but with the ability to access part of their home's equity. This can make a reverse mortgage a way for an older homeowner to successfully age in place in in the home they love and want to stay in.   On this page we will explore of reverse mortgages and how to use them as a retirement funding tool later in life as health needs change.
Long Term Care and Reverse Mortgages in California

Using Home Equity for Long Term Care With a Reverse Mortgage

  
As an older American you may one day require long term care and if you wish to stay in your home a reverse mortgage might be a solution to provide the necessary money to do so.  A reverse mortgage could help cover the costs of in-home care, any necessary medical equipment and retrofit your home for easier access and mobility.
  
“90% of Seniors want to stay in their homes and age in place”
     -2012 National Council on Aging, United Healthcare, and USA Today national survey

 

If you want to stay in your home for the rest of your life, but will need additional funds to do so; then a reverse mortgage loan may be your answer. If you qualify, it’s a loan which could allow you to access a portion of your home’s equity to obtain tax free cash; and without having to make monthly mortgage payments.  Note: with a reverse mortgage the borrower must continue to pay ongoing property charges like property taxes, homeowners insurance expenses and home maintenance plus occupy the home as their primary residence.

 

If you are 62 years of age or older (55 on some programs) and have sufficient home equity, you may be able to get the funds you need for:

  

  • In-home care
  • Medical bills and prescription drugs
  • Daily living expenses
  • Reducing payments on existing debts
  • Home repairs
  • Retrofit home for handicap adaptation

 

Funding Homecare in California With A Reverse Mortgage

Learn more how a reverse loan could benefit you if you are considering in-home care 

My Commitment is to educating people about the HECM (reverse mortgage) products.  I am here to help answer all your questions so you have the facts before you decide if this program is right for you and your family.

 

Request Your Personalized Reverse Mortgage Quote Today

 

Financial Peace of Mind: How Reverse Mortgages Can Fund In-Home Care Services in California

  

In-home care can be a great way for seniors to get help while staying in their own homes and avoid moving to assisted living or a nursing home. But, it can be expensive. That's where reverse mortgages can work well together to support aging in place in the home they love. A reverse mortgage can allow the seniors to use part of the value of their homes to get money to pay for in-home care or other medical expenses. The good thing is, they don't have to make monthly payments right away.  During the life of the reverse mortgage there is no monthly mortgage payment due - the loan gets paid back at the end with a maturity event. 

Note: the at least one borrower does have to occupy the home plus pay ongoing property taxes, homeowners insurance premiums and other maintenance costs on the home. This flexible repayment schedule can allow access to funds and offer a low cost of living.  Its important to coordinate this with an advisor and educate yourself fully.  

  

Learn more how a reverse loan could benefit you if you are considering in-home care 

 

My name is John Correll and I am local certified reverse mortgage professional in San Diego California.  I have a strong commitment to educating people about the many ways to use a reverse mortgage to support retirement goals - including in-home care and long-term care.  I have been very successful working with clients and their family members or their POA (power of attorney) to help find ways to pay for the high costs of in-home care.   There are a number of options to learn about including the HECM (home equity conversion mortgage) as well as the Jumbo Reverse Mortgage for higher valued homes.  Together we can explore what you might qualify for and what the numbers could look like.  I am here to help answer all your questions so you have the facts before you decide if this program is right for you and your family.

Sincerely,

 

John Correll, CRMP

Certified Reverse Mortgage Professional

 

 Call today for a free consultation 

Toll-free (888) 603-1550

Direct (619) 294-9820


in-home appointments available in all of San Diego County

Serving all of California 

 

California Certified Reverse Mortgage Professional John Correll CRMP