Okay, so I just know that if my momma had to be moved into a nursing home, it would literally kill her. She has been in that same house since 1959 and it's simply her comfort zone. But, if I had to take care of her myself, I couldn't work and help my family out. So, the answer, is HOME HEALTH CARE.
Now I know she has "LONG-TERM CARE INSURANCE", but it really isn't going to be that big of a help, because obviously in-home care is extremely expensive. So I would really be stuck between the proverbial rock and a hard place. If I were independently wealthy, I could just pay for it myself, but unfortunately, like so many other out there, it would break the back of my family's piggy bank.
A heartbreaking story, isn't it and it occurs way too often in this day and age and especially in this economy. But, there is GOOD NEWS; there is HOPE!
My momma owns her house outright and she's over the age of 62. So literally, in this case, a REVERSE MORTGAGE would literally save her life. I could put her home into a reverse line of credit and use that money to help offset what costs her insurance wouldn't cover.
In my travels, I have run into similar stories, even in my short amount of time in this field. A lady taking care of her sister after a massive stroke, a daughter who can take care of her father at night but must work during the day... and sometimes adult day care is not an option.
This is one reason I went into this field - no not for my momma, but to provide solutions to the vast and growing amount of seniors who truly need some form of financial security and help.
I hope if you run into anyone in your travels who is in need of help, you'll remember that the FHA reverse loan is a great option for those that need it!
Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.
Linda K. Mayer, Realtor, SRES
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell