Basics of Reverse Home MortgageA reverse home mortgage is a type of loan that allows homeowners to access a portion of their home equity without having to sell their home or make monthly mortgage payments. Unlike a traditional mortgage, the loan balance of a reverse mortgage increases over time and is typically only repaid when the homeowner sells the home or passes away.Differences from Traditional Mortgage Reverse mortgages do not require monthly mortgage payments, while traditional mortgages do. The loan balance of a reverse mortgage increases over time, while the loan balance of a traditional mortgage decreases over time as payments are made. Reverse mortgages are typically only repaid when the homeowner sells the home or passes away, while traditional mortgages are repaid over a set term. A Financial Solution for Seniors       For seniors, a reverse mortgage can be a great financial solution. It allows them to access the       equity in their homes without selling or giving up ownership.      Reverse mortgages are also a great way to supplement retirement income. They provide a steady stream of funds that can be used to cover living expenses.   With a reverse mortgage, seniors can enjoy their retirement years and have peace of mind knowing they have a reliable source of income.Reverse mortgages are also a great way to pass on wealth to heirs. The loan is paid off from the sale of the home, and the remaining equity is passed on to the heirs.Eligible homeowners obtain reverse mortgages for many reasons including:          Repairing or modifying the home to meet the physical needs of getting older         Supplementing retirement income to meet expenses         Managing the costs of in-home care         Paying off an existing mortgage         Paying increased bills due to inflation and economy         Paying property Taxes         Delaying Social Security         Providing a source of funds for living expenses in lieu of liquidating financial investments during     times of market downturn or disruption         Helping retirement savings last longer         Purchasing a retirement home  Recent ClientsA retired couple in their late 60s, John and Susan, were struggling to make ends meet on a fixed income, due to inflation and the cost of living increasing. They had significant equity in their home but were hesitant to sell it and downsize because of the current real estate market.  They decided to explore a reverse mortgage as an option to access their home's equity without having to sell it. The reverse mortgage allowed John and Susan to access their home's equity and use the funds to pay off their existing mortgage and cover their increased living expenses. They were able to stay in their home and maintain their quality of life, without having to worry about making monthly mortgage payments. Mary Anne, a retired infusion nurse, suffered some medical challenges and her insurance did not cover all of her additional expenses.  She decided a reverse mortgage was her best option. It allowed her funds to seek non-traditonal treatment and was able to eliminate the financial stress in her life, allowing her body to heal.A retired widow in his late 70s, James wants to stay in his home as long as possible. His home was mortgage free and he intends to leave it to his two children who live out of state. The reverse mortgage allowed him to access his home's equity and use the funds to make the modifications to continue staying in the home unassisted.It allows him the peace of mind knowing the has additional money to pay an in-home care giver if and when he needs one.He is able to stay in his own home and now worry about being a burden on his out of state children.  He expressed to me that feeling of relief is priceless.This article was submitted by Nicole Cramer with Anchor Funding, Inc.  Contact Nicole at 251-349-9891 or email her at nicole@cramergrp.com for more information about whether a reverse mortgage can work for you.

With stores putting out holiday decorations well before Halloween, it is hard to avoid the hype surrounding the holiday season.For most people, it is an anticipated time of year with traditions, memories and family gatherings. But for older residents, these same reasons may result in the blues, making the holidays a challenging time. Sometimes beloved traditions and family gatherings become out of reach as we age and may be isolated from friends and families. Holidays may remind us of the passing of time, who is missing in our lives and who is not nearby. The loss of holiday traditions and gatherings often changes the way we feel about the holidays. Sometimes reminiscing on traditions that have gone can fuel feelings of loneliness.An AARP study found that 31% of respondents felt lonely during the holiday season. Additionally, another 41% worried about a family member or friend feeling lonesome. Whats more, more than 12 million Americans over age 65 live alone, according to the American Psychological Association. As children grow up and move away, neighborhoods change, and friends pass, the opportunities for close connections sometimes become limited. Financial constraints and loss of independence and mobility can change looking forward to the holidays to dreading them. To help avoid the holiday blues, here are some steps you can take to restore holiday joy.      Find new ways to connect, such as video chat and email. Write letters, cards and call. You do not have to wait for family members to reach out. Take initiative. Connecting with others is one of the best ways to relieve loneliness.      It is heathy to feel sadness about missing family and friends. It is important to acknowledge your feelings.       Volunteer and help others. If you are able, you can help with daily tasks that may seem overwhelming or share a meal.       If you are feeling lonely, maybe your neighbor is, too. Being available for someone else is good medicine.      Be kind to yourself. Continue your wellness routines and healthy habits.      Rethink how you do things this season. Joy is not limited to the last two months of the year! Every day can be treated as a holiday!      Consider trying a new activity or hobby or teach someone something you are good at.      Limit screen time. A constant diet of bad news creates anxiety.       Resolve to make the best of the holidays but adjust your expectations and adopt realistic goals. While the holidays may look different over time, they can still be meaningful. The most important thing to make someone feel special this season is to simply spend time with them. If you cannot participate in person, FaceTime or Zoom also work.Here are other ways you can help others (and yourself) find joy in the holidays and help banish the holiday blues:      Share your traditions with others and enjoy theirs. Reflect about past holidays as you unpack cherished decorations. Listen to the stories of others and ask about special pieces.       Make a conscious effort to be available for those who might be feeling isolated. Plan a regular call or visit or reach out with a video call or old-fashioned letter.       For anyone who might be struggling with holiday loneliness, provide a comfortable space for them to talk. Save judgments or problem solving and simply have a genuine conversation.      As you plan your celebrations, look for ways to be inclusive. Extending an invitation may not be enough to make others feel included. Being with a crowd of strangers who have little in common can still feel very lonely.      Being recognized and honored goes a long way in combating loneliness. Be open to asking about and including favorite memories such as treasured decorations, traditional treats and meaningful music.      Religious organizations often offer extra social and/or spiritual support. Just talking with someone can go a long way.      Bring or send familiar treats that represent holiday customs for elders to enjoy and share. Often, holiday blues are temporary. However, if symptoms last for more than two weeks, they can indicate clinical anxiety or depression. According to the National Institute of Mental Health (NIMH), socially isolated older adults are at higher risk for depression.It may be time to seek help if you or someone you love is experiencing any of these common symptoms of depression:      Feeling so down you cannot shake it off      Too little or too much sleep, or interruptions through the night      Changes in appetite; eating more or less than usual      Difficulty concentrating      Lack of interest in the things that typically make you happy      Irritability      Lack of interest in socializing or engaging with others. Plan to look for and spread cheer this season, but if the holiday blues linger well beyond the season, discuss your symptoms with your primary care provider.ABOUT THE AUTHOR Courtney L. Whitt, Ph.D. is Director of Behavioral Health at Healthcare Network, which offers behavioral health services as a routine part of comprehensive care and traditional counseling services. Healthcare Network provides quality primary care services for children and adults in locations throughout Collier County. To learn more or make an appointment, please call 239.658.3000 or visit HealthcareSWFL.org.

When your friend is grieving, you want to do everything you can to be there for them and support them during this difficult time. But you may wonder are you overstepping? What if you say the wrong thing? Its common to second guess ourselves when we have the best intentions for supporting a friend after a loss.Grief is something we all experience at some point, but without some guidance, it can be difficult to know how to best support someone when theyve lost a loved one, said Erin Smith of The Terraces at Bonita Springs, a senior living community in Bonita Springs, FloridaWere starting a group for widows in our community called The Terraces Vita Nova Social Club. This will be a space where people in our local community who have lost their significant other have an opportunity to connect and socialize through new friendships, Erin continued.Vita Nova gives members the opportunity to talk about their experiences, their challenges, and enjoy the shared support of the people around them. The group will also focus on moving forward and finding joy in the next chapter of their lives through engaging gatherings and new friendships.Vita Nova aims to provide ladies with a space where they feel encouraged to venture away from isolated homes to spend an afternoon with others who have gone through a similar experience.As a friend, keep these simple ways in mind so that you can be there for a grieving friend.1.   Reach Out to Your FriendReach out with a phone call or a text message to express your condolences. This small action lets them know youre there for them and will support them through this difficult time. Remember to keep reaching out, even after the initial wave of loss has settled.2.   ListenYou may be with your friend when they feel like they want to vent about their emotions or talk about their loved one. A study examining grief support showed that allowing the grieving person to discuss their loved one and not rush them through their feelings felt emotionally supported.One key thing to remember is to not advise or interrupt your friend. Simply listening and letting them get anything they want off their chest can be a huge help to their grieving process.3.   Validate Their FeelingsWhen your friend is discussing how theyre feeling, its important to validate them. While grief is a process, its not always a straightforward process. Your friend may have had a good couple of weeks, only to feel their grief all over again. Being there to validate their feelings and that its okay for them not to be okay can provide them with comfort and assurance.4.   Show UpShowing up is one of the best ways to support your grieving friend.You cook a meal, drop it off to them, and its ready to go in the oven.You stop by with groceries.You take their dog for a walk or mow the lawn.Often, when you say, Let me know if I can do anything for you, your friend may not feel comfortable reaching out and asking. By showing up with a plan, you can alleviate some of the most difficult parts of going through the grieving process keeping up with everything else.Use the phrase Id love it if youd allow me to to increase the odds of them accepting your assistance without shame.5.   Help Your Friend Find SupportWhile there are many ways you can support your friend, they may benefit from other types of support as well. A support group for people who have experienced loss, like your friend, can help them connect with others and hear from others who are further along in the grieving process. They may not be ready for quite some time, but gently remind them that they may find comfort in like-minded individuals.6.   Plan an ActivityWhen your friend is going through the grieving process, some days or times of the week may be particularly difficult. For example, the demands of the workweek and running a house may keep your friend occupied Monday through Friday, but they struggle with Saturdays.Taking them out for coffee, to walk around a farmers market, or to their favorite restaurant can give them something to look forward to and get through the more difficult days.7.   Keep in TouchMany people may be in touch with your friend immediately following their loss. However, when life starts to get back to normal, those people may stop reaching out. Keeping in touch with your friend will show them that youre there for them and available to give them support during the grieving process.Get Support at The Terraces at Bonita SpringsNavigating the loss of a loved one isnt something you should have to face alone. Fortunately, at The Terraces at Bonita Springs, youll have friends and associates to hold your hand and help. Give us a call at 239-949-7848 to learn more about our groups dedicated to those who have experienced the loss of a significant partner.