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Reverse Mortgages

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Video: Susan explains Reverse Mortgages
Get a Gerontologist's view on how a Reverse Mortgage can help pay for the needs in you or your loved one's lives.

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“Raising UP Your Parents” seminar update

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Seminar Update:

The seminar at the Hotel Huntington Beach went very well. I am grateful for the panel and their expertise. For those of you who missed it or couldn’t find the Hotel Huntington Beach, this is what you missed.

First, in an effort to figure out whether or not it is safe to age in place, we explored some assistive technology. The CapTel phone was introduced. This device has streaming captions of the conversation a relatively big screen. There are some public benefits that enable you to get this for free. If you want to know more about his just click on the CapTel icon on my homepage. Jay’s Hearing is a fixture in Long Beach and Orange County. He has been in business for many years and he is truly an expert in assessing hearing loss and finding solutions to hearing deficits.

We had a doctor talking about fall prevention, in short, his advice get in shape and keep in shape.   NuVision also had some great technology for the vision impaired. I highly recommend checking them out if you know someone who has any type of vision loss and is looking for a solution.

Monica Bush from ResCare discussed what to look for when hiring an in home caregiver.  ResCare has some great technology available as well. They have a device that enables a family to watch what is going on in the home. You can just click on their icon to see more. HomeWatch Caregivers of Huntington Beach was also there. The owner of that facility used to be a fire fighter and is very dedicated to the health and safety of our citizens!

In the spirit of aging in place there was an in home dental company. How cool that they will go to your home or your parents home with before and after pictures to quell any suspicion that this service is too good to be true. They are called homecaredentists.com Google them!

Oxford Home Health discussed how one can qualify for in home health care under Medicare as well as how Oxford has been in business with the same owner since the 1960’s.   Oxford can be contacted by clicking on their icon. Greater Newport Physicians was also there. This medical group provides services to a wide range of people in Orange County.

Huntington Terrace Assisted Living was there. It is a beautiful, three-story community situated on three acres of meticulously landscaped grounds and gardens. I toured this facility and it is very nice especially with the renovation.

A representative from The Covington of Aliso Viejo shared information about this Continuing Care Retirement Community. A CCRC offers a broad spectrum of care and services to foster good health, fulfillment, and spiritual well-being in the lives of older adults. The Covington offers three levels of care: Independent Living, Assisted Living, and Skilled Nursing. In addition, The Covington also provides care for those with memory impairments in The Courtyard. A CCRC reduces the likelihood of relocation stress syndrome which can and does affect an older adult’s often delicate psyche.

This is a short list of items covered and experts involved in my last seminar. There will be an expert on dementia care at my next seminar on Saturday October 23, 2010 in Irvine at the Hilton as well as an expert on public benefits, MRS Specialists. It is a do not miss. I hope to see you there!

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Congress Lowers the Limit on What a Senior Can Borrow Against Their Home

Can Congress really be contemplating lowering the amount of cash available to seniors?

Yes.

How could this be? How could our government ask that people become more self reliant, yet take away opportunities to pay for their own care?

The government is scheduled to decrease the amount of money one can borrow under a HECM (Home Equity Conversion Mortgage, i.e., reverse mortgages insured by the federal government) by 10% effective for all loans on which applications are taken on or after October 1, 2009. It is still unclear as to whether loans currently be processed will be grandfathered into the current HECM program.

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Talk Radio: Susan B Geffen & Steven Spierer

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Are you facing challenges with aging family members? Are you having trouble getting clear, practical and useful answers? Steve interviews elder issues expert and gerontologist Susan Geffen about everything from elder abuse to reverse mortgages, from long-term care to Alzheimer’s.

Also, are you frustrated with your financial situation? Do you wonder where your money went at the end of the month and why others are getting ahead when you are not? Steve talks about the basics of getting out of debt, getting the most out of your money and how to set yourself up for personal financial success.

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Report: How A Reverse Mortgage Can Help Your Family

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“Everyday, elderly people are forced to move out of their homes and into crowded nursing facilities because they can’t afford the care they need to live alone.”

If you are at least 62 years old, it doesn’t have to be this way if you own your own home. You just have to understand some of your options. Continue reading Report: How A Reverse Mortgage Can Help Your Family

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Video: Practical Use Of A Reverse Mortgage

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Episode #005 – This segment demonstrates how a reverse mortgage can create a flow of money so that and elderly person can remain in their home instead of moving into a nursing home.

For the complete Mike Rose Series, click here.

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