Long Term Care Services Supported by Reverse Mortgages

A recent study by the Centers for Disease Control (CDC) and Prevention's National Center for Health Statistics states that approximately 8 million people received paid long-term care services in 2012 and more than half (56%) of those people used home health services.  Part of the study points out that consumers desire to stay in their own homes, and federal and state policy developments have led to a growth in different types of home and community based resources.  Medicaid finances a majority of long-term care, followed by Medicare, but individuals and families still must pay for some services out of pocket.  In the current state of our economy, finding ways to pay for long-term care services is a growing concern for families and older adults.  The full report can be accessed at:  http://www.cdc.gov/nchs/data/nsltcp/long_term_care_services_2013.pdf

We have been actively working with the home health care industry in bringing awareness of the role that reverse mortgages can play in helping to finance these services to take the financial pressure off of senior homeowners and their families.  A large population of these senior homeowners are not aware that they can use a reverse mortgage to access part of their home's equity which can be used to fund these type of services without increasing their monthly expenses.  In addition, a reverse mortgage can eliminate debt to help free up additional cash to be used for living expenses.
We are one of the top reverse mortgage lenders in the country, and we work nationwide.  For a free brochure or consultation on how a reverse mortgage works, contact:  Rick Rodriguez, Production Manager at Proficio Mortgage, a subsidiary of Proficio Bank, at (877) 576-3783 or rrodriguez@proficiomortgage.com.  You may also visit our website for more information at www.reversemortgageproficiobank.com.