How to Pay for Home Care

People are using Reverse Mortgages as a way to kep loved ones at home versus nursing homes.

How to Pay for Home Care When a chronic health condition, recovery from an illness, dementia, or even the normal aging process makes it difficult for a senior to live at home safely, in-home care can provide the supervision and assistance they need to age in place. However, families are often concerned about how much […]

pay back a reverse mortgage

How do you pay back a reverse mortgage? At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. A reverse mortgage can make it possible for seniors to remain […]

Alternatives to Long-Term Care Insurance

Alternatives to Long-Term Care Insurance Anticipating long-term care needs is an important part of retirement planning, as long-term care can quickly eat into your savings. The average yearly cost of nursing home care in a semi-private room was $90,155 in 2019, according to Genworth Financial, rising to $102,200 for a private room. Long-term care insurance […]

Everything you need to know

Everything you need to know about reverse mortgages. What is a reverse mortgage? A reverse mortgage is a type of home equity loan for homeowners 62 or older that doesn’t require monthly mortgage payments and that the home’s equity is generally paid out to the homeowner monthly. Reverse mortgages are often considered a last-resort source of […]

helpful to seniors

Reverse mortgages may be helpful to seniors- Newnan, GA News By Kandice Bell Reverse mortgages may become a trend and can be helpful to seniors in their time of need, according to mortgage experts. A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity […]

Avoid Reverse Mortgages

Researcher: No “Rational Reason” to Avoid Reverse Mortgages As the American population ages, experts have increasingly pointed to home equity as a key source of retirement income — even as many older homeowners remain hesitant to tap into it for reasons that continue to confound both academics and players in the mortgage industry. Steven Sass, […]

PBS TV on Reverse Mortgages

PBS TV on Reverse Mortgages. PBS Program Takes Deep Dive into Reverse Mortgages. A nationally syndicated PBS personal finance program dedicated a solid chunk of a recent episode to the new academic thinking around reverse mortgages and retirement. Jamie Hopkins, an associate professor of taxation at the American College of Financial Services in Bryn Mawr, […]

Even with Reverse Mortgage

Even with Reverse Mortgage. Reverse Mortgage Alabama. Study: Even With Reverse Mortgages, Many Unprepared for Retirement by Alex Spanko A new study shows that about 20% of U.S. households overestimate their level of retirement comfort and more than half may not be able to maintain their standard of living — even when factoring in the […]