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For financial information in your local area please call to speak with a Senior Group Home Adviser at 855-405-6338
Financial Options - Frequently Asked Questions
The cost will always be dependent on a number of factors including location, quality, and quantity of services offered, as well as the discretion of facility owners. We recommend calling an Eldercare Advisor today at 602-362-8803
With a reverse mortgage, there are no monthly payments. Instead, the equity of the home is used as a loan to the homeowner that is expected to eventually be repaid by the sale of the home.
A reverse mortgage, also known as the home equity conversion mortgage (HECM), is a mortgage loan for homeowners 62 or older who have accumulated equity in their home and want to borrow that equity for supplemental income.