Aging in Place and Reverse Mortgages

Aging in Place! 

Have you noticed that stairs are getting steeper?  Groceries are heavier and more expensive.  And, everything is farther away. Yesterday I walked to the corner and I was dumbfounded to discover how long our street has become!  This extension work was apparently done at night!! Very sneaky stuff.  And, you know, people are less considerate now, especially the youngsters. They speak in whispers all the time! If you ask them to speak up they just keep repeating themselves, endlessly mouthing the same silent message until they're red in the face! What do they think I am, a lip reader

On the other hand, people my own age are so much older than I am. I ran into an old friend the other day, and she has aged so much that she didn't even recognize me.

I got to thinking about the poor dear while I was combing my hair this morning, and in doing so, I glanced at my own reflection........ Well, REALLY NOW - even mirrors are not made the way they used to be!

I tried to climb into the tub this morning and my legs must have shrunk overnight. My leg just wouldn’t lift high enough to make it over the side.  Oh well – there’s always tomorrow.

So, I called my kids to see if they would lend me money to get me a hearing aid so I could hear them when they spoke, get my house remolded so I could get into the tub or just pay off my mortgage so I could have extra money for the casino.  We were suddenly disconnected and I haven’t heard from the sense.

Determined to take matters into my own hands I asked several people if they knew what I could do.  One of them recommended maybe it’s time to check into the old folks home.  Really the Old Folk home – That’s for old folks – not me.  I want to stay in my own home.

My best friend told me she knew of someone that could help me.  So she gave me the name of a reverse mortgage specialist. I called her and couldn’t believe what I heard.  She said should she would help me get rid of my mortgage payments, get my home remolded so I could get into the tub, pay for hearing aids and even have a line of credit that grew by 4% per year for expenses. 

You know what they say about things that are to good to be true.  I wasn’t falling for that nonsense.  So I checked it out. 

I asked many of my friends and they said – OH NO – that’s a bad deal.  I asked them WHY?  Funny no one really knew why. 

So after further investigation I discovered this is an FHA loan designed by the government to help people “Age in Place”. 

   Aging in Place – I had never heard of that – but it sounded great to me.  I can use my own money to stay in my own home.  No asking my kids for money or going to the old folks home. 

Best of all – the house remains in my name and is passed on to those kids that aren’t speaking to me.  The money I receive is “TAX FREE”.

If I decide to downsize to a smaller residence with less maintenance like a Villa, I can do a REVERSE TO PURCHASE.  I can get a $200,000 home by bringing $100,000 from the sale of my home.  That frees up $100,000 to do with whatever I choose. 

I’ll show all you guys – I’m going to do a reverse mortgage and stay in my home.  Be careful if you try to sneak up on me because now I will be able to hear you coming.

www.reversemortgagesspecialist.com
314-556-4100