What Is a Professional Fiduciary Elder law attorneys urge the public to create a legal plan, but it is difficult for individuals without immediate family to decide who to appoint as their health care surrogate or agent under a power of attorney. All too often, these individuals avoid completing the appropriate documents, leaving them […]
Reverse Mortgages Well Suited to Aging in Place Issues
Housing Experts: Reverse Mortgages Well Suited to Address Aging in Place Issues The Reverse mortgage program can be a very valuable tool for addressing issues related to aging in place in the United States, as well as circumventing some problems related to the spread of COVID-19 in senior housing and nursing facilities. However, some issues […]
Reverse mortgages: What you need to know.
Reverse mortgages: What you need to know. Mass Mutual Blog. It’s similar to getting an advance on a paycheck, but in this case you are trading in equity in your home for a cash payment, typically tax-free. A reverse mortgage will eliminate your monthly mortgage payments. You can use the cash (taken as a lump […]
Aging in Place
Diving Deeper into Medicare Advantage’s Potential for Aging in Place Aging in place remains a major priority for many seniors who take out a reverse mortgage, using the proceeds from their loan to help make the goal of staying in their house more possible. With newly proposed changes to the Medicare Advantage program having the […]
Aging in place
Aging in Place with a Reverse Mortgage: Challenges and Opportunities As a generation of aging Americans collectively decides that they’d rather stay at home than move into senior housing, reverse mortgage originators and lenders could have a new potential marketing angle. But as with many other retirement-planning ptiches, the words could fall on deaf ears. […]
