“Thanks so much for truly caring about me and for all the little things (and not so little, too) you do for me around the house. I will forever remain grateful.”
“Our caregiver was great! We will definitely use Helping Hand Caregivers again!”
Highland Park, IL
If you are age 62 or older and are "house-rich, cash-poor," a reverse mortgage (RM) may be an option to help increase your income.
A reverse mortgage is a special type of loan used by older Americans to convert the equity in their homes into cash. The money from a reverse mortgage can provide seniors with the financial security they need to fully enjoy their retirement years. The reverse mortgage is aptly named because the payment stream is "reversed". Instead of making monthly payments to a lender, as with a regular first mortgage or home equity loan, a lender makes payments to you.
While a reverse mortgage loan is outstanding, you continue to own the home and hold title to it.
Click on the following links for more information about Reverse Mortgages:
Using Reverse Mortgages for Healthcare
Facts on Reverse Mortgages
Government Housing Programs
Helping Hand Caregivers provides the following links to other sites we believe you may find useful: