If you or your spouse (living or deceased) are a veteran of the United States armed forces, you may be eligible for certain government assistance programs. Depending on your status, you may be eligible for programs such as Pension, Aid and Attendance, Housebound Allowance, and Survivors Pension.
In addition to government programs, there are also nonprofit organizations that offer various programs and assistance to veterans. We can help you find out if you are eligible for veterans benefits and programs, and also help you apply for them.
If you have been a homeowner for a good portion of your adult life, you have most likely accumulated a substantial amount of equity in your home. Home equity is one of today’s most reliable sources of funds when a homeowner over the age of 60 needs to pay for in-home care, or a spouse’s memory care. Tapping your home equity can provide large amounts of *tax-free loan proceeds. The Home Equity Conversion Mortgage (HECM) is a HUD-insured loan program designed specifically for mature homeowners looking for cash flow and liquidity to pay for care while wanting to avoid taking on a monthly mortgage payment.
If you want to receive the quality of care you deserve, in the safety of your own home, or if you need to access funds to pay for a spouse’s care away from home, we can provide information on this easy-to-qualify government-regulated loan program.
Proprietary “jumbo” equity conversion loans can be an appropriate choice for homeowner needing more money to cover round the clock care, or to free up more cash by paying off a conventional mortgage and ending a monthly mortgage payment obligation. Jumbo conversion mortgages offer significantly higher loan amounts, currently up to $3 million dollars. No monthly loan payments are required as long as loan terms are met.
Home Equity Line of Credit: Available at some banks and credit unions; these are a great way to pay for care on a more temporary basis and if someone in the family can qualify for the loan and afford to make the monthly payments.
Home Equity Conversion Mortgage (HECM): available through licensed mortgage lenders: these are a great way to access higher levels of home equity, easier to qualify for than most other types of loans, is non-recourse (no personal liability) and require zero monthly loan payment. The loan is due when the last remaining borrower moves, sell or passes away, or ceases to pay their property taxes, homeowner's insurance, or HOA dues if applicable. The HECM is one of today’s most flexible financial tools and is designed so that most retirees can qualify for the loan themselves, thereby releasing their family of any additional financial burden. All remaining equity, including future appreciation, goes to the borrower and their estate/heirs.
Grants: You may be eligible for other money depending on income and various factors. We can help you understand other options available to you.
It is easy to provide all the care to your loved ones at home with the help of professional staff. If you are not able to manage your routine while taking care of an old family member, then you should get in-home care services. You will be close to your loved ones and also see how they are being taken care of. The services we provide will improve the lifestyle of your old family member. You will see an improvement as our staff will use proper techniques to take care of the needs of your old family member. With proper time and attention, you will see an improvement in behavior as well as the health of your old family member. So, call us to get our reliable in-home care services!
It is not easy to take care of an Alzheimer patient, and family caregivers are at high risk for depression and worsening health issues of their own. While assisted living and other care homes were a good option in the past, current health concerns are causing most older American’s to rethink how and where they choose to receive care. In-home care allows one to age in their own home where the risk of infectious diseases is far less common. While in-home care can be more expensive, it is the choice many seeking care are making today, to stay safe and independent. If you or a family member are finding it hard to manage on your own, and you are looking for ways to fund the care you or a loved one may need, there are many options available to you. Knowledge is power and we are here to provide complimentary information regarding grants, government assistance, and the prudent use of home equity, when appropriate.
Paying for Care Services provides information on various tools to pay for:
With decades of experience helping California seniors pay for the care they need and deserve, we can help you evaluate various ways to achieve your care goals, for yourself or for a family member.
Access the funds you need, *tax-free, to pay for:
Obtain the Care You Deserve; for your parents, loved ones, spouse, or yourself. From grants to veteran’s benefits to federally-insured or proprietary programs to help you use your home equity, we can help you find a solution to pay for in-home or other care.