HECM Loans, Also Known as Reverse Mortgages, Can Ensure Peace of Mind for Senior Homeowners

Posted on

Sep 16, 2020

As our country continues to be challenged by the impact of COVID 19, it is apparent that the senior population has more at risk than their health. Many senior homeowners have suffered financial losses and now have real concerns about their ability remain in their homes. Seniors in search of stability and security can count on Independent Financial for assistance.
The HECM loan is a Government guaranteed program that offers many remedies to seniors for the preservation, use and growth of the equity they have built up over the years. When a Reverse Mortgage is put in place, the senior has multiple options to utilize their available equity. In many instances, it could even involve using a HECM to purchase a home which better fits their needs.
Seniors seeking peace of mind during these challenging times are encouraged to reach out to a trusted Reverse Mortgage specialist, and see if an FHA insured HECM offers a better quality of life. The same asset that keeps us safe and secure, holds locked-up equity that can provide peace of mind for a lifetime.
Editors Note: This article was submitted by Peggy Sage, HECM Specialist, NMLS #322344. Peggy isaSenior Loan Originator with Independent Financial and may be reached at970-691-4648 or by email at psage@ibtx.com

Other Articles You May Like

How to Stop Your Skin from Drying Out in Late Fall

When the vibrant colors of autumn transition into the crispness of late fall, many people enjoy the change of scenery and cooler weather. However, this seasonal shift also brings about a common concern: dry skin. For seniors, maintaining healthy skin during this time can be particularly challenging. Dry skin can lead to itching, cracking, and discomfort, making it essential to take proactive steps to protect and nourish the skin during these colder months.The Causes of Dry Skin in Late FallThe combination of cold winds and dropping temperatures outside can strip your skin of its natural moisture. When you add indoor heating to the mix, it can create a perfect storm for dry skin. Furnaces and heaters, while keeping your home warm, also reduce the humidity in the air, leading to drier skin. Seniors are susceptible to these conditions, as aging skin is already less capable of retaining moisture. Understanding these factors can help you better prepare and counteract their effects.Tips for Keeping Skin MoisturizedTaking a few simple steps can make a big difference in keeping your skin moisturized and healthy throughout late fall.Use of MoisturizersChoosing the right moisturizer helps seniors. Look for products labeled as "fragrance-free" and "hypoallergenic" to minimize the risk of irritation. Creams and ointments, rather than lotions, are generally more effective for dry skin because they contain more oil and less water. Apply moisturizer immediately after bathing, when the skin is still damp, to lock in moisture. Regular application, perhaps twice a day, can help maintain a healthy barrier against the elements.Staying HydratedDrinking enough water is one of the simplest ways to keep your skin hydrated from the inside out. Aim for at least 8 glasses of water a day. Incorporate hydrating foods into your diet, such as cucumbers, oranges, and watermelon, which have high water content. Herbal teas and broths can also contribute to your hydration goals while offering warmth during chilly days.Protective ClothingWearing the right clothing is another layer of defense against dry skin. Jackets, coats, and gloves help shield your skin from cold winds and frigid temperatures. Consider layering your clothing as well; it allows you to stay warm and maintain a comfortable temperature without overheating, which can also dry out your skin.Additional Skin Care PracticesBeyond basic moisturizing and hydration, there are several other practices that can enhance skin health during late fall. Implement a gentle skin cleansing routine. Use a mild, fragrance-free soap, and avoid hot water, which can strip the skin of natural oils. opt for lukewarm water instead to cleanse without over-drying.Be Proactive with Senior Skin Health and MoreCaring for your skin during the late fall is an aspect of overall health, particularly for seniors. By understanding the causes of dry skin and implementing these tips, you can enjoy healthier, more comfortable skin as the seasons change. If you're in Fort Collins, Loveland, Greeley, or Longmont, and need assistance with senior care services, contact Senior Helpers Greeley. Our team is dedicated to providing personalized care that helps seniors lead a vibrant, healthy life. Don't let the changes of the seasons prevent you from feeling your best; take charge of your skin health today.

Senior Guide to Black Friday Shopping

Black Friday marks the unofficial start of the holiday shopping season, offering substantial discounts and deals for shoppers across the country. For seniors and their caretakers, navigating this busy day can seem overwhelming. However, with the right preparation and strategy, it can be both a rewarding and enjoyable experience. Preparing for Black FridayThe key to making the most of Black Friday is preparation. Start by researching deals in advance. Many stores release their flyers, advertisements, and exclusive offers through their websites and apps. Make use of these resources to compare prices and ensure the discounts are genuine. This homework ensures you're not getting swept up by the hype of a sale that isn't what it seems.Next, create a comprehensive shopping list. Decide which items are essential and which are simply nice-to-haves. By distinguishing between needs and wants, you'll stay focused on your priorities and avoid being tempted by unnecessary purchases. A clear list will also help you manage your time efficiently when shopping.In-Store Shopping TipsFor those heading out to the stores, timing is critical. Avoid peak hours by opting to shop early in the morning or later in the evening when fewer people are out. This not only reduces stress but also helps you access the best deals with minimal competition.Safety is always a top priority. Be mindful of your surroundings and keep your personal belongings secure at all times. A small crossbody bag can be useful for minimizing the chance of losing items. You should also plan your route through the store. Familiarize yourself with the store layout by looking at maps or using store apps to find exactly where you need to go. This helps you avoid unnecessary wandering and confusion.Online Shopping StrategiesIf crowds aren't your thing, online shopping offers a comfortable alternative. You'll avoid long lines and have the opportunity to access special online deals that aren't available in stores. It's a great way to save time and energy.Ensure your online transactions are safe by using secure payment methods such as credit cards or trusted payment services like PayPal. Be on the lookout for scams; if a deal seems too good to be true, it probably is. Stick to reputable websites and be cautious with personal information.Budgeting and Financial TipsBudgeting ahead of time can save you from financial stress during the holiday season. Set a realistic budget for each item on your list and do your best to stick to it. This will help you avoid impulsive buys that can quickly add up and increase your spending unnecessarily.Track your spending as you go along. Apps or simple paper lists can help you monitor your purchases and ensure you're staying within your allotted budget. By reviewing your acquisitions regularly, you can adjust your spending plan as needed and keep everything under control.Add Senior Care to Your Shopping ListWith a bit of planning and organization, Black Friday shopping can be a productive and even enjoyable experience for seniors and their caretakers. Remember the key points: research and prepare, shop during less crowded times in-store, enjoy the convenience and safety of online shopping, and maintain a clear budget to avoid overspending. Most importantly, take time to enjoy the holiday season and treat yourself with care.If you need more personalized assistance or support at home, don't hesitate to reach out to Senior Helpers Fort Collins. Our team is here to assist seniors in Fort Collins, Englewood, Littleton, Lone Tree, and Longmont. Embrace the holiday spirit wisely and make the most of this Black Friday! Questions, please call us at 970-344-9931.

Complete These Safety Home Projects Before Cooler Weather

When cooler weather approaches, it's time to prepare your home to ensure safety and comfort during the winter months. This helps seniors, who are at a higher risk of falls and other seasonal hazards. Here's a list of safety-related home improvements that seniors should complete or have someone else complete before winter sets in.Addressing Slip and Fall RisksColder weather often brings icy and slippery conditions, which can increase the risk of falls. To address these risks, start by inspecting and repairing walkways and driveways. Fix any cracks and level uneven surfaces and consider adding non-slip treatments to reduce the risk of slipping. Installing handrails and grab bars can provide additional support and stability, especially in wet or icy conditions. Key locations to consider include bathrooms, near the toilet and shower, and on staircases, both indoors and out. It's best to have these professionally installed to ensure they are secure and properly positioned.Good lighting is critical to prevent trips and falls indoors. To improve visibility, use brighter bulbs in areas where seniors frequently walk, such as hallways and living spaces. Adding nightlights in key areas like bathrooms and bedrooms can provide guidance during nighttime visits.Tree and Landscaping HazardsWinter weather can also create hazards outside your home, particularly related to trees and landscaping. Overhanging branches can break under the weight of snow and ice, leading to property damage or personal injury. To mitigate this risk, trim back any branches that hang over your roof or walkways. If you have large trees, consider hiring a professional, as they have the right equipment and expertise.Clogged gutters can cause water damage or lead to the formation of ice dams. Clear out leaves and debris from gutters and downspouts to ensure proper drainage. Installing gutter guards can help minimize future clogging.Loose items can become dangerous projectiles during winter storms. To keep your outdoor space safe, store lightweight furniture and decorations in a shed or garage. Secure heavier items to prevent them from being moved by strong winds.Fire Prevention ImprovementsFire safety is crucial, especially in cooler weather, when heating appliances and holiday decorations are used more. Start by replacing old carbon monoxide and smoke detectors.Check the expiration dates on all detectors and replace any outdated ones. Install new batteries in all units to ensure they're functioning properly.Regular maintenance of heating systems can prevent fires and ensure efficient operation. Schedule professional maintenance for your furnace, boiler, or other heating systems. Clean vents and filters to remove dust and debris that could potentially start a fire.Emergency preparedness is critical for safety, and fire escape plans must be reviewed and practiced by all members of the household. Conduct regular drills to ensure everyone knows what to do in case of a fire.Its Important to Keep Seniors SafeCompleting these safety home projects before cooler weather arrives can make a significant difference in protecting your home and loved ones. Investing a little time now can help prevent accidents and emergencies later on. Don't wait until winter is here. Act now to secure your home against seasonal risks. If you need assistance with any of these tasks, Senior Helpers Greeley is here to help. We proudly serve Fort Collins, Loveland, Windsor, Estes Park, and Longmont. Contact us today to make your home a safer place. For more information, please call 970-373-3858.