Senior Placement Resources, LLC
There are many ways to finance a senior transition
Bridge or home care loans
Short-term loans can help cover senior living costs during an emergency or transition. The loan needs to be repaid once funds are available, such as from selling a house or cashing in an investment.
Reverse mortgage
A refinance option that allows homeowners 62 and older to convert equity into cash while retaining homeownership. This can be a good option for seniors who want to age in place and get rid of their monthly housing payments.
Senior living line of credit
A way to pay for senior housing and care. It can be used to move a senior into care while waiting for federal benefits or other funding methods to start.
Medicaid
A government assistance program that can help seniors with low incomes pay for Medicare. Medicaid can pay for Medicare premiums, deductibles, and cost-sharing charges.
Long-term care insurance
It is a way to prepare financially for unpredictable situations in life, such as the need for long-term healthcare services.
Estate planning
Estate planning, including wills, trusts, and powers of attorney, can help ensure your wishes are carried out and that your assets are protected. Consulting with an attorney who specializes in elder law can be helpful.
Sell property assets
Sell as-is for quick cash and be done or clean, landscape, update, list, and sell for the best price. Financing may be available to be paid off at closing
For More Information:
Senior Placement Resources, LLC
Rick Safko: (503) 901-5923 Cell/Text
Mike Canton: (360) 608-7808 Cell/Text