Skip to main content

Reverse Mortgage Blog

Should you use a reverse mortgage to pay for long-term care?

August 4, 2022

Someone turning 65 has nearly a 7-in-10 chance of needing long-term care in the future, according to the Department of Health and Human Services, and many don’t have the savings to manage the cost of assisted living. But they may have a mortgage-free home — and the equity in it, giving them the potential option of a reverse mortgage to help cover care costs as they age-in-place. This article may help you evaluate whether a reverse mortgage might be a good option.

Should you use a reverse mortgage to pay for long-term care?

iReverse Home Loans Corporation profile picture
iReverse Home Loans Corporation
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provide only high value reading and insight around the topic of reverse mortgages. Ultimately, it’s up to you to educate yourself on the topic and determine if a reverse mortgage is a good strategy for your financial retirement. Please enjoy the articles and I hope you learned something during your visit here. Cheers!
BLOG HOME
About my blog
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provid...
Read More »
Categories
Archives
Search