How To Age In Place
Is Aging in Place Actually An Option?
In my experience most people might prefer to age at home rather than move into a care community. That was my mom’s choice and we made it happen for her. This option most often requires repairs and modifications to be made to the home to make it comfortable and safe for a senior to live there with less immediate attendance than can be found in a care community.
In this interview Mike England, a reverse mortgage lending expert, tells us how a home equity conversion mortgage (HECM) can help to provide funding to repair and remodel your existing home, buy another home that is better suited for you, pay for in home care costs or just create liquidity for emergencies while eliminating payment of principal and interest thus increasing your usable income. And better yet you will never need to worry about losing your home to foreclosure because you were unable to make your loan payments.
Like all of our network partners Mike is a warm human being looking to be a genuine help to seniors seeking help. Enjoy the story.
For a ton of detailed information about this option just visit Mike England HECM reverse mortgage expert here.