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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



                                                               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





         The Facts


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


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

           A
        n  ging in place has been shown to have health and                       Tom Selleck
           emotional benefits over institutional care 3                         Actor and AAG
                                                                              Paid Spokesperson
        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

        For more information contact me today!









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