Use Your Home To Stay At Home

The National Council on Aging has recently promoted a solution to the long-term care problem for seniors: reverse mortgages. As part of its "Use Your Home to Stay at Home" program, the NCOA suggests that the 80% of home-owning seniors over age 62 think about mortgaging their homes through a reverse mortgage, which will provide them with cash in exchange for home equity. In this way, a reverse mortgage can assure home ownership while offering seniors a way to remain at home in their old age.

Calculate My FREE Annuity Quote Now!

  • Optional: For a 2-person annuity (joint lives)

No agent will call you

Your privacy is guaranteed.
Find advanced calculator options here.

Get quick answers to your annuity questions: Call 800-872-6684 (9-5 EST)

A reverse mortgage can also provide seniors with extra cash to fund expensive long-term care insurance purchases. In addition, in light of recent problems with Medicaid, a reverse mortgage can help to free seniors from worries about future medical cost coverage.

While some seniors may be concerned about the loss of equity that a reverse mortgage will entail, and while others may worry that a reverse mortgage will inhibit them from leaving their homes to their heirs, the NCOA recommends that seniors give reverse mortgages serious consideration. By consulting with a financial advisor, seniors might find that the benefits of a reverse mortgage far outweigh the costs.

Testimonial Image
I contacted Immediate to buy one of my immediate annuities. They were prompt, very responsive, paid attention to detail, understood my objectives, and were superb when it came to staying on top of seeing the funds transfer and issue of new policy documents through to completion.
Dr. David Babbel Professor Wharton School
Read 650+ verified reviews

We'd love to hear from you!

Please post your comment or question. It's completely safe – we never publish your email address.

Add a new comment:(Allowed tags: <b><i><br>)

Comments (0)