Senior Advantage Reverse Mortgages

Senior Advantage Reverse Mortgages - Financial Uses

Paying For Health Care With A Reverse Mortgage

Access to quality health care is an important issue for all Americans, but especially for seniors as the cost of prescription drugs, in-home care and physical rehabilitation continue to rise.

With these increased costs, many seniors have difficulty coping due to their limited financial resources. Very often they find themselves having to choose between health care, heat, food or other necessities. M&T offers senior homeowners a way to pay for health care expenses and maintain their quality of life.
M&T's Reverse Mortgage may be able to help you obtain extra cash for:

• Annual Medicare or private insurance deductibles.
• HMO co-payments for doctor visits.
• Prescription drug costs.
• In-home caregivers.
• Physical rehabilitation.
• Durable medical equipment not covered by Medicare.
• Medical supplies.
• Any other medical expense.

Using a Reverse Mortgage As A Wealth Management Tool

Many senior homeowners, particularly those with substantial wealth built-up in their homes, want to put their hard earned home equity to work. For seniors interested in making the most of their home equity, Senior Advantage Reverse Mortgage™ has the solution. By using a Senior Advantage Reverse Mortgage to leverage the equity in your home, you can maximize the quality of your retirement while reducing your total estate value subject to taxation.*

Senior Advantage Reverse Mortgage™ may be able to help you use your home equity for:

• Regular travel/vacations.
• A new car.
• A second/vacation home or time-share condo.
• Home improvements including remodeling/decorating.
• Purchasing wealth transfer insurance.
• Purchasing long term care insurance.
• Providing an early gift inheritance to assist with a grandchild's education or other needs.
• Supplementing income due to the loss of a spouse or low interest rates.

Making Improvements To Your Home With A Reverse Mortgage

Your home is more than just a roof over your head. It contains a lifetime of memories, is a symbol of your independence and adds immensely to your quality of life. But over time, continuing to live in your home can present unique challenges. Activities once taken for granted can become more challenging and may necessitate making changes to improve accessibility, comfort and safety. Senior Advantage Reverse Mortgage™ offers senior homeowners a way of improving their home in order to meet these special needs.

Senior Advantage Reverse Mortgage™ may be able to help you improve your home by adding:

• A curbless shower for improved accessibility.
• Handrails and grab bars.
• A main laundry room.
• Improved lighting.
• Elevated toilets.
• Lower kitchen cabinets to improve access.
• Smooth stepless entryways.
• Wider doorways and hallways.
• An easy access kitchen workstation for preparing meals.
• A covered porch for protection from weather.
• Stair/chair lifts.
• Any other home improvements you can think of.
  

Call today if you're interested in finding out how we may be able to help you improve your home.

Sierra Pacific Home Loans, Inc.
7480 North Palm Avenue, Suite 103
Fresno, California 93711
888.478.3727