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Using a HECM to Fund Home Care

As a senior care professional, you know Medicare provides only limited in-home medical coverage for your patients. It may provide in-home skilled nursing or physical therapy, but it generally won’t cover custodial care. Even if your patients have a supplemental Medicare plan, it will likely not be enough. Using a HECM to fund their home […]

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Retirees Earn Money Without Leaving Home

With older Americans at an increased risk of developing deadly cases of COVID-19, working outside the home may no longer be a safe option for retirees. Fortunately, there are plenty of ways people can bring in exta money from the comfort of home. Read more…

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Senior Housing Wealth Reaches $7.23 Trillion

Homeowners 62 and older saw their housing wealth grow by 0.5 percent or $39 billion in the fourth quarter to a record $7.23 trillion from Q3 2019, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index. Read more…

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Trust: Its Critical Role in Senior Care

Family caregivers can understand why they typically are the preferred providers of their senior loved ones’ long-term care. Not only are they trusted and familiar, but in the best cases they are proven to have the authentic love and concern that caregiving requires. Read more…

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Protecting Seniors From Coronavirus

Individuals that are at higher risk from becoming seriously ill from COVID-19, the illness that results from the coronavirus, include those who have vulnerable immune systems or other underlying health conditions. This includes the primary demographic that the reverse mortgage industry serves, senior citizens, according to guidance from the Centers for Disease Control and Prevention (CDC). […]

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Habitat for Humanity Extends to Aging in Place in Georgia

A grant program for seniors in the Columbus, Ga. area gives older residents a new avenue to explore for receiving critical repairs and upgrades to their homes in order to age in place, provided by long standing non-profit housing advocacy organization Habitat for Humanity. Read more…

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How to Juggle Work and Caregiving

Many working caregivers report health problems, depression, and lost time and lower productivity at work. If you’re taking care of an aging or ailing family member, you may also find that you have cut back on community involvement and are spending less time with other loved ones and friends. Read more…

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Reverse Mortgage Loan as a Long-Term Care Solution

Several years ago, Dr. Barbara Stucki, a Bend, Oregon, researcher and consultant, completed a study on reverse mortgages for the National Council on Aging. Stucki found one potential approach could be to create a system that more effectively manages long-term care funding for community-based options. One component of the model would be to offer incentives […]

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Seniors Choose Home Over Hospital

Home is now the most common place people are choosing to spend their final days of life, outpacing hospital deaths for the first time in more than half a century, according to a study published Wednesday in the New England Journal of Medicine. Read more…

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AARP: What to Know about Reverse Mortgages

A reverse mortgage is a loan based on the paid-up current value, or equity, in your home. Unlike a conventional mortgage, your lender pays you — in monthly payments, through a variable line of credit or in a lump sum. You don’t have to repay the loan until you sell your house, move or die. […]

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