Page 1 - AAG106_AMADA Senior Care Flyer

Using Home Equity

to Fund In-Home Care

If you’re like many homeowners, your house is your greatest asset.
Like others, you may need access to additional funds in order to
cover expenses like in-home care or compensating loved ones
who care for you. A Home Equity Conversion Mortgage (HECM)
loan, also known as a reverse mortgage, allows you to put your
hard-earned home equity to work for you. HECM loan proceeds
are tax free* and can be used to cover the cost of your care needs
while you continue to live in your home. *Consult your tax advisor.

HECM Loan Basics: The Facts:

3 3 Many incorrectly believe that medical insurance will
You must be 62 or better
3 cover in-home, long-term care 1
Your home must be your primary residence
3 3 70% of those 65+ will need assistance at some point 2
You pay no monthly mortgage payments
so long as you continue to pay property 3 Aging in place has been shown to have health and
taxes, homeowners insurance, and home emotional benefits over institutional care 3
maintenance costs 3 25% fewer doctor visits occur when home care is in

place 4
3 43.5 million family members provide unpaid care for
loved ones 5

For more information contact me today!

Tom Selleck
Actor and AAG Paid Spokesperson

AAG106