Long-Term Care with the Help of a Reverse Mortgage

There is a problem when seniors cannot qualify for long-term care insurance. To qualify for this type of insurance you need to be in relatively good health. With very good health you can even get substantial discounts on long-term care insurance.

Reverse mortgages can help seniors who own homes by giving them the money to help pay for long-term care or anything that they wish. They use the equity in their homes which they are not required to pay back for as long they live in their homes.

The advantage of using the money from a reverse mortgage is that the seniors can tap into the equity of their homes, uses the funds to help with the cost of long term care and be able to stay in their homes longer, too.

The reverse mortgage helps the milliions of senior home owners on a fixed income recover some of the their spending power and financial security.

The reverse mortgages are govenment insured loans called FHA Home Equity conversion Mortgages (HECM).

For more information on long-term care financing, planning or reverse mortgages, call 949-854-3001 or visit LongTermCareInsurancePros