Reverse Mortgages Offer Freedom
You deserve to enjoy your retirement years. A Home Equity Conversion Mortgage (HECM)—also known as a reverse mortgage—can help you find the financial freedom you need.
We’ll cover the basics to help you decide if it’s right for you.
What is a HECM and how does it work?
A HECM is a federally insured reverse mortgage that offers borrowers more protection than non-HECM loans.
HECMs use home equity to pay your outstanding mortgage while eliminating your monthly mortgage payments.* Depending on how much equity you have, a HECM can also provide extra funds as a lump sum or line of credit.
• Available to borrowers 62 and older (non-borrowing spouses may be younger)
• Available for primary residences
• Borrower retains full ownership
• Doesn’t prevent the home from being passed to heirs
• Loan repayment is never more than the value of the property
*Borrower must continue to pay property taxes, homeowners insurance and maintenance costs.
Will HECM income affect my retirement benefits?
HECM funds are considered loan proceeds, not income, so they won’t affect Social Security payments. However, needs-based programs such as Medicaid and Supplemental Security Income may be affected.
How can you use a HECM?
A HECM isn’t just for those experiencing financial hardship—although it can certainly help in those situations. These loans can also help those doing well achieve more.
You can use a HECM to:
• Pay off existing mortgage and eliminate monthly mortgage payments*
• Pay for everyday living expenses and or
• Pay for a home remodel
• Cover health care costs and/or provide for in-home care
• Pay for the trip of a lifetime
• Fund a grandchild’s school tuition
• Fund investments and/or long term care policy
• There are no restrictions on how you can use the funds
• Silver divorce
• Fund the purchase of a new home
What if I’m ready for a new home?
We also offer a HECM for Purchase loan that lets you buy a new home without incurring monthly mortgage payments. This is a great option if you need to move to a smaller home, find one that is single-level or upgrade to a home with room for family.
Who repays a HECM loan?
A HECM doesn’t need to be repaid until the borrower (and non-borrowing spouse) permanently leave the home. In most cases, HECMs are repaid by selling the home once the borrowers no longer live there. Neither you nor your heirs will be responsible for repaying more than the value of the home.
We now have new proprietary (non-government) reverse mortgage options (minimum home value $400K) available to borrowers age of 55+ with some very exciting new benefits!
A reverse Mortgage can improve your life, but there are many considerations. If you’d like to learn more about how a reverse mortgage can help you or a loved one meet financial goals, contact us today.
**This ad is not from HUD or FHA and was not approved by HUD or any government agency.
**The loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and insurance and to comply with the terms of the loan.
**Consumers remain responsible for property taxes, homeowner’s insurance, and home maintenance.
I Wish We Had Called Hospice Sooner A Caregivers Story About Modern-Day Hospice I used to think hospice meant the end. That calling hospice meant we were giving up. I was scared, and honestly, I just didnt understand what hospice really was. But after going through it with my husband, I see things so differently now. And if I could go back, I would have called hospice sooner no question. Hospice Helped More Than I Ever Expected When my husband got sick, everything felt overwhelming. But once hospice stepped in, everything changed. They didnt just care for him they cared for us, too. Nurses came to the house and kept him comfortable and taught me how to care for him Aides were available to help with bathing and other care needs when I didnt know how A chaplain visited just to listen and meet us where we were. I did not understand the depths of my spiritual frustrations A social worker helped with paperwork, support, resources and just listened. It was like we had a whole team backing us up. I wasnt alone anymore. Hospice Was About Living, Not Dying Hospice helped us focus on making memories, not just managing symptoms. My husband was at home, surrounded by his family and people who loved and cared for him, he was comfortable, peaceful, and had a say in what he wanted, and what was most important We laughed. We cried. We had time. Real, meaningful time. They Even Took Care of Me What I didnt expect was how much the hospice team helped me as the caregiver. I got breaks. I got answers to late-night questions and fears, I got support. And after he passed, they kept checking in just to make sure I was okay- we were okay. It wasnt just medical care. It was human care, and seeing me as a person, with all my flaws and hurt. I Tell Everyone Now: Dont Wait Hospice isnt about giving up its about getting support when you need it most. If someone you love is facing a serious illness, dont wait until the very end. Hospice can help sooner than you think. I wish I had known that earlier and been brave enough to pick up the phone and call them. Hospice Today is More Than You Might Think Modern-day hospice is not about giving up its about living well in the time that remains. Its about being heard, being cared for, and being surrounded by support, however that looks to you. It is different for all of us Whether a loved one is facing a serious illness, or you simply want to learn more, reach out! Todays hospice is modern, compassionate, and ready to help when your family needs it most. Ashley Copeland-Owner-Doctor's Hospice of Idaho
Inspiring Quotes and Tips For Seniors Aging Gracefully at HomeGrowing older at home shouldnt be about getting olderit should be about living better and happier. A seniors golden years can be a time of happiness, joy, and comfort if they have the right mindset and support.One of the reasons Visiting Angels is committed to helping seniors age in place is that our dedicated caregivers truly value their role in families and society. Many seniors have lived a lifetime of challenges and successes, and they should be encouraged to share those learnings with future generationswhen aging is celebrated, not admonished.3 Uplifting Quotes About Aging at HomeWe've gathered three of our favorite quotes about aging to illustrate this point and inspire a new perspective on the passage of time.Getting Old Isnt For the Faint of HeartLegendary actress Mae West noted that growing older involves a certain measure of courage. Most of our loved ones have endured challenges such as illness, loss of a spouse, or financial struggles. They deserve respect for the wisdom they have gained through their experiences.Encourage your aging parent to share their life stories. Hearing about their memories, including the highs and lows, can be inspiring. Record these memories in a journal to be handed down to the family. Help your loved one stay active with regular, moderate exercise, and a healthy diet to enhance memory, reasoning skills, and reaction times.Aging can create physical and emotional challenges. Working with an in-home professional caregiver provides your loved one with a familiar routine and support to maintain control over their daily life decisions.Growing Old Is Mandatory, But Growing Up Is OptionalOften attributed to Walt Disney, this quote means that ones mindset doesnt have to be tethered to physical circumstances. However, loneliness and social isolation are common in older adults and are key risk factors for mental health conditions.Companion care can help infuse happiness and joy into your loved ones days through daily interactions, conversations, and time spent together in shared activities, such as:CraftsGardeningPlaying cards or board gamesReading togetherWatching a movieWrinkles Should Merely Indicate Where Smiles Have BeenAs author Mark Twain mused, the benefits of smiling far outweigh the presence of wrinkles. A study from the National Library of Medicine shows that smiling:Boosts the immune systemElevates moodLowers blood pressureReduces painRelieves stressHere are a few ways to get your loved one smiling:Practice gratitudeList three things each day your loved one is thankful for, and ask about positive thoughts and experiences throughout the day.Watch something humorous togetherSeeing cat videos on YouTube or their favorite funny movie can lift their spirits on a somber day.Share funny stories or jokesEven bad puns and dad jokes can bring a grin or two.Practice smiling at each otherSmiling together can lift both of your moods!Visiting Angels Supports Seniors Through Life's Golden YearsAt Visiting Angels, we help seniors enjoy their golden years at home. We understand how important it is for older adults to stay in the homes they love while getting the support they need and deserve.When your family chooses Visiting Angels, you're not just getting assistantsyoure getting caring partners who truly want to make life better for your aging loved one. Our professional caregivers treat each senior with respect and kindness, helping them live their best lives every day.Discuss in-home care options today by reaching out to your nearest Visiting Angels.
Caring for the Caregiver: Tips for Encouraging the Health of Family Caregivers When we make a commitment to care for a loved one after a diagnosis we will often go to any length to honor that promise. It is so important that family caregivers look after themselves to ensure that they are there for their loved one long term. Here are a few tips to help care for the caregivers in your family, especially when that caregiver is you.Nutrition: Set alarms. These are reminders to eat small snacks or stop for a meal without adding to your mental load. Balanced meals. Take time for your preferences, your likes, and your needs. If we arent feeding our bodies and minds, then we cant keep up with our loved ones. Track your fluids. If you arent tracking them, you arent guaranteeing or remembering if you are intaking fluids.Health Care: Dont miss appointments. You staying healthy is one of the most important factors to your ability to take care of your loved one. Get your sleep. Its suggested 7-8 hours of sleep a night. This is not just rest for your body but your brain as well.Personal Care: Pamper yourself. Dont feel guilty or ashamed taking time to seek out a massage, skin treatment, or other means to dote on your own body. Spend time on hobbies and interests you have left behind. Get energized and find excitement for yourself and your time.Building a Team: Find resources. You promised to care for them, and sometimes that means finding the best resources available. You dont have to be in this alone.Remember that caring for yourself is caring for your loved one. They trust you with their care and that means they trust you with what they love most, and you are at the top of that list. This article was submitted by Bonnie Bilheimer, Owner/Director of Operations for ComForCare Home Care Meridian, ID. For further information call 208-297-5016