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.*
*The borrower could be subject to foreclosure for reasons including failure to maintain the property or
to pay taxes and insurance.

HECM Loan Basics

n You must be 62 or better

n Your home must be your primary residence

Y
n ou pay no monthly mortgage payments
so long as you continue to pay property
taxes, homeowners insurance, and home
maintenance costs

Tom Selleck
The Facts Actor and AAG Paid Spokesperson

M
n any incorrectly believe that medical
insurance will cover in-home, long-term
care 1

n 70% of those 65+ will need assistance at
some point 2

n ging in place has been shown to have
A
health and emotional benefits over For more information
institutional care 3
contact me today!
n 25% fewer doctor visits occur when home
care is in place 4

n 43.5 million family members provide unpaid
care for loved ones 5

AAG106