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Senior Care Spotlight: Transitions for Senior Living

Senior Care: Have you been stressed about the care and safety of an aging loved one?

 

 

Not sure you understand all the care levels available or what care is needed?

Did you know there is a free, unbiased service that can personally walk you through the process? Transitions For Senior Living has been working in the St. Louis area for 10 years, helping families in your same situation, we care and can give you the peace of mind that you are making the best decision possible.

MAKE THE CALL…(it’s easy!)
Phone us, we will respond as soon as possible, we know this was a tough call to make and we don’t want you to wait. If you want to find out more about Transitions Team, check out our website: TransitionsForSeniorLiving.com and fill out our inquiry form.

⦁ PHONE CONVERSATION
Our first conversation will help us understand your family’s physical, cognitive, and social care needs, answer your questions, and set up a time to meet in person. 

⦁ PERSONAL CONSULTATION
At our meeting, we’ll discuss various care options that might be the best fit for your loved one, taking into consideration physical and social care needs, geographic preference, and budget. If placement is not an immediate need, we’ll discuss other resources, connect you with trusted care partners to ensure the safety and comfort for your loved one.

⦁ YOUR PLAN
Together we will create a plan with a clear understanding of timeline and next steps. We will be with you through every step of the process. Our services are personalized because every situation is unique.

⦁ COMMUNITY OR CARE AT HOME OPTIONS
When we identify the top 3 to 5 communities, whether independent, assisted, memory care or skilled nursing, we’ll schedule tours, accompany you to each community, ask the questions that will give you the most comprehensive understand of the care each community will provide, be an advocate, answer questions, and help make a smooth transition.

⦁ ONGOING SUPPORT
Once care has been established, we will follow up to ensure that your expectations of the care, comfort, and safety needs of your loved one are being met. We can help with connecting you to trusted partners for elder attorneys, financial planners, real estate agents, day programs, move managers, and in-home care.

So, whether in crisis-mode or planning ahead we can help, we have comprehensive knowledge, experience and connections for all facets senior care and can help you. We want to give you the education and understanding to make the best choice for your loved ones the first time.  

Transitions For Senior Living is a free, unbiased, family service that has been helping families, over the past 10 years, to personally help families with all their care needs. We have a wide range of trusted partners from financial planners, elder care attorneys, in-home care services, medical alert systems, and veteran’s benefit planning. Give one of our Senior Care Advocates a call and we will personally meet with you and your family to understand your physical, cognitive, financial, and social care needs, pare down the options and tour appropriate communities with you, Completely free of Charge.  

Guest Article Contributed by Sharon Balleau, .  

Contact us:
Sharon Balleau –
314-606-8531

Carmen Worley – 314-960-0519

TransitionsForSeniorLiving.com

 

 

 

If you or an aging loved-one are considering choosing Medical Alarms in St. Louis, MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566

 

Choices for Senior Adult Independence

This is the time of year when we in America celebrate our independence.

Our country’s declaration of independence from Britain in 1776 was the idea to become independent from the “world superpower” of that time. Our forefathers fought and won against overwhelming odds. Today, many of the “Great Generation” of senior adults are in a battle to remain independent and in their homes. Many have lived in that home for decades and the thought of having to leave it can be an emotional battle seeming fought against overwhelming odds. This article is a tool to perhaps help families engage in conversations that might help determine if a change in lifestyle is needed.

There are basically 7 options for senior living today and this article will briefly explain them.


Aging in Place (in their home or a family member’s home)

In a recent survey conducted by AARP nearly 90 percent of people over the age of 65 want to stay in their home for as long as possible, and 80 percent believe their current residence is where they will always live. However, for aging seniors to age in place their physical, financial, and care environments must be accommodating. A quote by Robyn Stone, (Executive director of the LeadingAge Center for Applied Research) puts it this way: “Most people are doing that until they aren’t doing it … it’s only when they reach either a crisis or a change in their condition or functional status, or in many times, the family support that they can no longer remain in their homes.” Such a crisis or change often happens after the age of 85. A home that lacks bedrooms, bathrooms, and laundry rooms on the first floor for example is just one of several barriers to aging in place. There are options to help finance home modifications such as a second mortgage or a reverse mortgage, but for low-income households and even many middle-income households paying to age in place is a serious challenge.

 

The Village Concept

The Village movement is a nationwide network of non-profit membership organizations. Members pay a fee for access to and help with local services including transportation, handyman services, help with household tasks, and organized social activities. On average it costs about $50/month or $600/year. A Village works just like a concierge service. A member needing a service would be connected to Village members who donate their time or volunteers who are vetted and trained. The Village concept is not yet widely available and many communities and would require a strong commitment of support from many businesses and services to be successful. Hopefully, it can be developed in many areas of the country.


 

Independent Living

This is defined as any housing designed exclusively for seniors, usually retirement communities, retirement homes, senior housing, and senior apartments. In general, the housing is compact, easy to navigate, and includes help with outdoor maintenance. The cost is medium to high depending on the location and services offered. Average costs range from $1500 to $10,000/month.

Residential Home Care

These are small facilities that offer personalized service to small groups of senior adults. They are often known as family homes, board and care homes, or personal care homes. They provide lodging, meal services, and assistance with activities of daily living (ADLs). These can often be half the cost of nursing homes but again, are not widely available in all communities.

 

Continuing Care Retirement Communities

These communities are part independent living, part assisted living and part skilled nursing facility. Residents can start out in the independent living section and move to different parts of the community as they need increasing levels of care. The cost of this option is high. CCRCs are the most expensive of all long-term care options.

 

Assisted Living Community

These communities consist of small apartments where older adults can live somewhat independently but require some assistance. Typical services include a staff available 24 hours a day, meals, medication management, bathing, dressing, housekeeping, and transportation. Again, costs are high and vary according to the level of daily help required and type of living space needed.

 

Nursing Home/Skilled Nursing Facility

This option is for older adults who need 24-hour supervised care with medications, activities, and overall health management. This facility is to care for those adults with debilitating physical or mental illness and are unable to care for themselves. A licensed physician supervises each resident’s care and a nurse or other medical professional is always on the premises. Costs are high and are according to the level of daily help required.

 

At Around the Clock Medical Alarms, we remain committed to assisting families to keep their loved ones in their homes for as long as possible. When it becomes time for a change in their living condition, we are able to assist them in Independent and Community Living Facilities where “pull cords” are the method of obtaining help. Often, they need help in areas of the apartment or home where the cords are not accessible. Our subscribers are able to get help in any living area and often coverage for the entire campus. We stand ready to help families fight for their ability to remain independent for as long as possible by getting them the help they need at the touch of a button.

No matter where you live, a medic alert system can help to maintain your independence and safety!  If you have questions about a PERS device, feel free to give us a call at 573-334-7233.

Article contributed by Les Tainter, Area Manager, Around the Clock Medical Alarms.

 

If you or an aging loved-one are considering choosing Medical Alarms in Cape Girardeau, MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566

 

 

Medical Alarms in St. Louis MO:

2020 TORCH Award Winner Retrospective

2020 was a time filled with many challenges for everyone.

The COVID-19 virus turned our world upside down AND inside out! In retrospect, we liken ourselves to John Travolta in the 1976 movie “The Boy in the Plastic Bubble.” Fear, disconnect, isolation, and disparity were rampant.

 

Our industry helps the elderly, and ill, to maintain their safety and independence. These individuals were highly susceptible to this new viral nightmare that was taking over the world. Due to their predisposition of age and comorbidities, this demographic was hit extremely hard. Families were trying to protect their aging loved ones by isolating them and removing them from communal living. It was a time of unrest and uncertainty.

 

As we are now beginning to return to a somewhat sense of “normalcy,” we can reflect upon the positive things that should be gained from the past years experience.

 

As we “make up for lost time,” families should be closer. We should appreciate the time we spend together and make an effort to do so more frequently. This should be the biggest lesson learned since we get to choose the meaning that things have in our lives.

We, like many, suffered the anguish of the pandemic. However, we were blessed to have the ability to assist our clients to know that they were never alone and could get help when needed. Our role, in my opinion, was to keep our customers upbeat and positive. The connection from our staff to those individuals we serve was a “lifeline” during a time of great uncertainty.

 

In closing, we realize that no matter how difficult the past year has been, we were blessed to be chosen as a 2020 Better Business Bureau TORCH Award recipient.  We were humbled and honored to be recognized not only for our ethical business practices, but also our customer service — especially now!

 

This award is an annual presentation by the Better Business Bureau to businesses that are “…committed to exceptional standards for ethical business practices and customer service.”  We are humbled to be recognized for the commitment we have toward the service we provide to our customers — especially during the year when many businesses were unable to survive. We are blessed that we not only survived, but are thriving, as well.

If we can assist you, or someone you love, with a medic alert system, we would be honored to do so.

 

 

 

 

If you or an aging loved-one are considering choosing a Medication Dispenser in Ladue, MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566

2021 Rotarian of the Year

Congratulations, Les Tainter, on your 2020-2021 Rotarian of the Year award from Cape West Rotary!  Les has been a member of the club for the past 8 years.  Well done and much deserved!

What is Rotarian of the Year?

The ‘Rotarian of the Year’ award may be given to a member who exhibits “Service Above Self” in their daily activities and who promotes Rotary by their actions and involvements.  This may be accomplished through one major activity in club service, in multiple activities, or by serving on several committees.

We are extremely proud of this recognition and are even more proud of everything you do for the customers we serve and the community in which we live!!!! 

 

Aid and Attendance Pension

VA Aide & Attendance Pension Helps Wartime Vets and/or Surviving Spouse to Maintain Their Independence

Keep them safe at home!
VA Aid & Attendance Pension helps them to maintain their safety and independence!

 

Aid and Attendance Pension

Aid and Attendance Pension

 

Do you know a wartime veteran, and/or surviving spouse, who could benefit from home care assistance through the Aid and Attendance Pension?

The little-known Department of Veterans Affairs pension (VA Non-Service-Connected Pension with Aid and Attendance Benefit) is for veterans:

  • with an honorable discharge
  • who have served at least 90 days on active duty, with at least one day of service during a period of war, or be their surviving spouse.
  • To qualify for this particular benefit, which pays for personal care services, the disabilities must not be service-related.
  • There are also financial limitations associated with the pension. This little-known pension can help them to maintain their safety and independence!

This little-known pension can help them to maintain their safety and independence by providing personal care services through home care to veterans and/or surviving spouses, so they can remain in their own home, which is where they want to be. Subsequently, it can also be used to pay for assisted living, if, and/or when, they are no longer able to maintain their independence in their own homes.

The VA requires a variety of documents including the following:

  • armed services discharge papers
  • proof of assets
  • marriage license and death certificate (surviving spouse).
  • medical information from your physician to verify your need for in-home personal care services.

 

In summary; the Aid and Attendance is a needs-based VA pension paid to wartime veterans with a non-service-connected disability, or their surviving spouses, who require help with daily living.  

It helps veterans, and/or their surviving spouses, receive personal care services to help them retain their quality of life and stay in their homes. If, and/or when, they are no longer able to maintain their independence in their own homes, it can be applied to the cost of assisted living. This is a huge resource that many are unaware even exists!

Additionally, the pension can provide an Around the Clock Medical Alarms “life alert” type of service to help them to maintain their home safety. The VA guidelines indicate that ”Cash assistance” is at the discretion of the beneficiary (or their family members / caregivers), and can be used to pay for home safety monitoring.  A Personal Emergency Response System, (PERS), can provide an extension to the home care, by bringing peace of mind that our aging heroes are never alone – and that they can get help any day, any time, any reason! Statistically, a PERS system can help an individual to stay in their homes longer, because they get help – instead of laying there for hours or days….

Financially, it is cheaper on our system to assist our aging populous to stay independent in their own homes, rather than to place them in nursing homes. Typically, when they remain independent, their quality of life is better, which equates to a WIN-WIN situation for all involved. However, when assisted living is needed, the Aide and Attendance pension can be used to pay for that as well.

Call 877-449-5566 or visit online for questions regarding the Aid and Attendance Pension and/or “life alert” type system provided through Around the Clock Medical Alarms.

 

 

If you or an aging loved-one are considering choosing Medical Alarms in Cape Girardeau, MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566

Certified Care Management

Senior Care Spotlight: Certified Care Management

 

“My Mom called to say the power was out in her home.
It was late at night, she was frantic and I was concerned.

However, after talking with Ameren
I discovered Mom had “totally forgotten” to pay the electric bill.

While in her mind she is still fiercely independent…
I have noticed she is getting more and more forgetful.

I love my mom dearly, but I can’t always be there for her,
and I live out-of-town. I want to help her continue to live independently.”

 

Does this sound familiar?

Is a senior loved one in need of care and supportive services and you don’t know where to go for help?

Rest assured, YOU and your senior loved one are not alone.

At Certified Care Management, LLC, we understand what you’re going through.

 

 

Our team of experienced care professionals is here to help you avoid the pitfalls you may encounter and uncomplicate the dizzying maze of health and life care choices out there today.

In addition to bill pay assistance, our firm also offers services such as caregiver and family coaching, nursing, therapy, home care, insurance, and benefit qualification, hospital and community advocacy, health care agent and guardianship, legal rights, and much more. Certified Care Management has the experience you can count on when life’s journey takes you down a new road.

Consider us your personalized care consultants, providing the highest quality support for you and those you love. Contain your costs, your well-being, and your time by investing today in our professional services. Read more about Certified Care Management at www.certifiedcm.com or call 314-517-5944.

 

“When managing the difficult maze of health and life care choices, Certified Care Management has the experience you need and support you can count on! We are your Personal Care Consultants and we look forward to being of service.”

 

If you or an aging loved-one are considering choosing Medical Alarms in Cape Girardeau, MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566

Senior Spotlight: Adult Day at The J

Located within the Jewish Community Center in Creve Coeur (the J), Adult Day at the J (ADJ) is a “hidden gem.”

For more than 40 years, ADJ has been providing quality programming for seniors and younger adults with cognitive and physical impairments. Our team is dedicated to specialized programming that aims to promote cognitive, physical, and social stimulation while also encouraging individual growth in an inclusive and supportive environment.

The ADJ offers two unique tracks, IN and CONNECTIONS, which are expressly designed to assist participants with achieving individualized goals in a group setting. Offering a broad range of activities throughout the day, CONNECTIONS operates primarily within the ADJ facility, while IN programming expands throughout the J’s Staenberg Family Complex and the community. In addition to the benefits experienced by our participants, our services provide critical respite and peace of mind for caregivers and families.

 

Key Features include:

• Recreation and Therapeutic Activities (Horticulture Therapy, Music Therapy, Pet Therapy, Modified Sports, Social events, Reminiscence Activities, and so much more!)
• On-site Nurse Health Management and Care Planning Services
• Door-to-door Escorted Transportation
• Kosher, Nutritious Meals (Breakfast, Lunch and Snack)
• Licensed by the State of Missouri
• Funded by VA, Medicaid, Dept. Mental Health, Aging Ahead

 

On March 18th, ADJ temporarily suspended onsite programming due to COVID-19, but our staff remained steadfast with our commitment to continue serving our families.

 

Over the course of our 11-week closure, our ADJ team worked tirelessly to engage, connect with, and continue supporting our participants and families each and every day. Whether through direct connections, virtual programming, or case management to set up outside services we have worked tirelessly to ensure that each of our participants have received the support and services they need.

 

 

ADJ reopened its doors on June 8th and, although, in a very different environment, we have been able to bring individuals back to onsite programming here at the J. We started with a small group of 6 and have continually added more participants each week. We are now averaging around 23 participants a day. Meanwhile, we are also still providing virtual programs and support to those remaining at home. We are facilitating live streaming of our onsite programs and activities as a means for reconnecting both onsite and at-home participants with one another.

But we didn’t stop with ADJ participant-focused services, our Growing Together Horticulture Therapy project has remained active to support others in our community. Utilizing our indoor/outdoor hydroponic Tower Garden systems, our staff has harvested over 80lbs of fresh produce including lettuce, collards, spinach, kale, and herbs. A portion of this produce is incorporated into our Kitchen J home meal deliveries for homebound seniors, and the rest of each harvest is donated to the Harvey Kornblum Food Pantry each week. Our Kitchen J meal program has delivered over 4,500 meals to homebound seniors over the past 18 weeks.

The St. Louis J community has so much to offer. With 2 convenient locations, Creve Coeur and Chesterfield, the excellent programming and state-of-the-art facilities make the J the first choice in gyms and community centers for families, young adults, seniors, and more. From our amazing fitness and aquatic centers to our recreational sports programs, we aim to impress our members by providing the best selection and experience.

Guest Article submitted by: Kristen Conard
Assistant Director- Connections & IN Program
Programs of Adult Day at the J
(p) 314-442-3261
(f) 314-872-7189
kconard@jccstl.org

The J at Creve Coeur

 

 

 

If you or an aging loved-one are considering choosing Medical Alarms in Cape Girardeau, MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566

 

 

Fall Detection Device

Caregiver? Let me help you to help them!

April 13, 2021

Subject: Caregiver?
Let me help you to help them!

Hey, friends and family!

Medical Alarms in Cape Girardeau MO: Senior Safety

I hope you’re doing well! Many of you know this, but nine years ago, I started my own business in the Personal Emergency Response (PERS) industry. As crazy as it sounds, I LOVE WHAT I DO! I get excited to know that I can help our subscribers (AND their families) to have peace of mind that they can maintain their safety and independence! But I also know that the reality is that most people do not realize how beneficial these devices are. Many caregivers feel overwhelmed with the fear of an aging, or ill, loved one living alone or potentially falling. Additionally, most people get anxious about having to deal with this very overwhelming (but important!) part of their lives. That’s exactly why I started my business.

I love being able to do what I love (working with families) to help people with something they don’t love (navigating the aging process). If you, or anyone you know, needs help to get a medic alert system in place, I’d be thrilled to help! I can help to determine what equipment best suits their particular need, answer any questions, establish service, and get them protected, so you don’t have to worry about a thing. And you can relax knowing you’ll get the most reliable, dependable, and affordable PERS system possible.

 

You can learn more about my business at my website: AroundTheClockMedicalAlarms.com or feel free to call me at 573-334-7233 to answer any questions that you might have.

 

 

Our mission is to provide a medical alarm service to the elderly and ill that will enable them to remain independent in their own homes. Oftentimes, we can complete the order process in a few minutes. Once that order process is complete, the service to protect the ones whom you love and care for can be in place within a matter of hours or days.

Thank you for all your support and encouragement on this journey. I hope that you think of me when you hear of someone who is dealing with an aging, or ill, loved one or who might be seeking a medical alarm device.

I hope to hear from you soon! Please share my information with anyone that you feel might benefit from my service or that you may be concerned about. It’s a great Mother’s Day & Father’s Day Gift Idea!

With warm regards –

Linda Bass, owner

p.s. Send us your email to linda@334safe.com to receive your copy of our monthly newsletter!

 

If you or an aging loved-one are considering choosing Medical Alarms in Cape Girardeau MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566

 

 

Senior Care Spotlight: Home Sweet Home Senior Transitions

Home Sweet Home Senior Transitions takes the stress out of moving so our clients can relax and simply enjoy living in their new home.

For over 16 years, Home Sweet Home has assisted seniors, and their families, with the process of moving to a senior community, apartment, condo, or new house. Our experienced team carefully packs your belongings – right down to your toothbrush – and our movers load and transport them to your new home. By the end of the day, you are relaxing in your new home, and your toothbrush is by the sink!

 

 

Owner Kristen Lund and her crew not only pack, move and unpack all your belongings, but they also make sure your new home is safe from trip hazards, that lighting is adequate in each room and that your new space is organized to make daily living more carefree. “Our clients’ safety is our top priority. My team takes into account any challenges our clients have, like placing furniture for easy wheelchair access and setting up the kitchen and bathroom so everyday items are within reach,” Lund said. “We often work with the adult children of our clients, and I ask about any concerns they see happening with their parents so we can accommodate them.”

Many times, the toughest issue for our clients is leaving a home of 30, 40, or 50 years filled with memories – and belongings. Going through years of accumulation is challenging, especially for seniors. It can be physically demanding, but more so, it can be especially difficult to part with a lifetime of treasures. Lund and her team are experts at helping clients sort through it all prior to the move. “As soon as I begin working with a client, we sit down together with their new floor plan and talk through which pieces of furniture will fit into their new home. Then as we get closer to the move day, we help them sort through closets, kitchen drawers, basement storage, or wherever the need is, to help declutter and organize so everything will fit safely in the new space — and still feel like their home.

 

“I have found, over my 16 years in this business, that our service is important, not only to our clients but especially to their families. We’ve been told many times, how much relief we bring to the adult children, knowing that they don’t have to be the ones sorting through years of stuff,” Lund remarked, and added, “the adult kids know they probably won’t have the same success as a professional with experience in downsizing, especially when we’re talking about moving from a large 3- or 4-bedroom house into a much smaller senior community unit. Also, there’s the ‘parent-kid thing’ that can come into play.” Lund laughs.

During the COVID-19 pandemic, Home Sweet Home has been in even more demand. Until recently, senior communities haven’t allowed family members in, in order to keep everyone safe. In most cases, Lund and her crew were the only ones allowed to move, unpack and set up their home. “I can’t begin to tell you how many adult kids were concerned, knowing they couldn’t help their parents on move day. When they found out we would handle the entire process, their stress level went way down.”

 

Kristen Lund owner of Home Sweet Home brings valuable experience to Home Sweet Home clients in space, design, and organization. Kristen stresses to our clients that a successful move begins with knowing what to take, what to share with family members, and deciding what can be left behind. Kristen custom tailors the downsizing process to meet each individual’s needs. In addition, she helps her clients create a beautiful, functional, and unique living space that can be enjoyed at the end of the move day.

 

 

 

 

For more information on Home Sweet Home Senior Transitions, contact Kristen Lund at (636) 675-3667 or go to HomeSweetHomeSTL.com.

 

 

 

If you or an aging loved-one are considering choosing Medical Alarms in Cape Girardeau MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566

 

Senior Care Spotlight: Reverse Mortgage

The Federal Savings Bank is a veteran-owned bank specializing in home lending.

The Bank is certified to lend in all fifty states. My current position as a Senior Vice President of the Home Equity Conversion Mortgage division brings together my interest in volunteer work with non-profit organizations such as The Kaufman Fund (a veteran-centric charity that among other activities raises money for other veteran charities) and Aging Ahead (which funds Meals on Wheels and 20 senior centers around the St. Louis area).

The reason I enjoy marketing Home Equity Conversion Mortgages (Reverse Mortgages) is my understanding that we are faced with a dilemma with our senior population today. Everything costs more than was expected, people are living longer than expected, employer-funded pensions are no longer available to the majority and few have fully funded 401ks or 403bs. In this environment, where homes are one of the largest assets for a large percentage of our population, why wouldn’t the equity one has in their home be considered in a holistic approach to financial planning?

 

When I meet with a financial advisor, I ask them if they had a client that invested in a 401k for thirty years, wouldn’t they recommend the client use these dollars for retirement? I then explain that I work with people that have invested in many cases for thirty years or more, that just do not realize they were investing but thought that they were paying off a mortgage.

 

The Home Equity Conversion Mortgage product allows the homeowner access to tax-free equity in their home without giving up ownership of their home.
The product allows the homeowner to decide each month whether to make mortgage payments, partial mortgage payments, or no mortgage payments at all. In addition to providing the most flexible payment approach to home equity loans available, it is also a fully insured loan that protects the heirs from losing money on the inherited home when the parent is no longer living in the home. The equity can be accessed as a lump sum, a tenured amount for life or a specific time period, a line of credit, or any combination of these methods.

 

The product has changed a great deal in the approximately thirty years since it was created. It is administered by the Department of Housing and Urban Development (HUD). One of the more recent modifications made to the program can be most useful to those looking to right-size their home.

  In years past when a homeowner with a three-story house decided that they no longer liked going up and down the stairs, they would sell their home and create a liquid pool of money to purchase a home more fitting to their needs (a villa, a ranch home, etc.). They found that they had two choices, either use the majority of their pool of money to purchase the new home outright or make a down payment and then have a mortgage payment.

Any rational financial advisor would not recommend that their senior client “bury” their liquid capital in their new home and few people age 62 or older want to have a mortgage payment.

 In answer to this, HUD modified the Home Equity Conversion Mortgage product so that it could be utilized to purchase the right-sized home without using the majority of the client’s liquid capital and not necessitating a monthly mortgage payment. The client brings their portion of the purchase price (based upon the age of the younger buyer) to Closing and the lender provides the rest. The new homeowner is in the position of not using the majority of their liquid capital and not having a mandatory monthly mortgage payment.

   
Guest article contributed by: Dennis Cooper, HECM Senior Vice President

Dennis Cooper, HECM Senior Vice President
The Federal Savings Bank | 1623 Forestview Ridge Lane, Ballwin, MO 63021
direct: (636) 334-0001
fax: (636) 334-0000
cell: (636) 675-1267
email: dcooper@thefederalsavingsbank.com
web: www.thefederalsavingsbank.com/denniscooper
NMLS# 525398
Member FDIC | Equal Housing Lender Apply Now: https://www.thefederalsavingsbank.com/hecm/application?BankerID=dcooper 
H4P Specialist

 

 

If you or an aging loved-one are considering choosing Medical Alarms in St. Louis, MO, please contact the friendly staff at Around The Clock Medical Alarms.
Call Us: 877.449.5566