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Find out how HECM has Helped Many In Similar Situations
By Mark E. Ary, MBA – Senior Licensed Loan Originator
A Home Equity Conversion Mortgage (HECM) Loan is a reverse mortgage program that enables you to withdraw a percentage of your home’s equity. If you’re a senior and you have either paid off or paid down a significant portion of your mortgage, you may qualify for this supportive program.
Many people decide to move forward with a HECM for various reasons, but if you’re suffering from a chronic health condition, it could be the answer you’ve been looking for. Because our population is living longer, people are searching for viable options to help them live out their best life. So while the retirement age used to only last a decade, it is now lasting for two or more decades. With longer life, we can experience and make many more memories, but along with this longevity of life, we often face significant health issues and financial challenges.
If you are diagnosed with cancer, your office visits, surgery, and treatment will be ongoing, and your cost associated with your care will be continuously escalating. The same holds true for many other age-related diseases and disorders. HECM’s are not to be looked at as a last resort to economic difficulty, but rather as an opportunity to assist with your mounting healthcare bills.
Oxygen and Home Health Treatments
If you are medically uninsured or underinsured, healthcare services can be costly! Perhaps you have a severe condition like COPD, which requires you to have oxygen tanks and therapy in your home. If you are unable to afford these costs, you will likely spend multiple trips being rushed to the Emergency Room, due to the chronic fluid build up in your lungs and your sense of not being able to breathe. Being proactive and utilizing the government approved HECM program in these types of situations is far better than paying exorbitant unexpected ER visits.
The same holds true for countless other conditions that cause individuals to be predominately homebound with a taxing effort to get the care they need. If you’ve had a stroke, have Heart Failure, or complications due to Dementia or other disorders you may need in-home care. In these situations, home health professional medical treatment is a top priority for keeping you healthy by getting you the therapy you need, like PT, OT, and Speech, or perhaps, even assisting you with your daily tasks.
HECM loans have a fairly standard process through the FHA (Federal Housing Administration) and allow you to use for your basic needs and necessities including your healthcare. You can choose whether you want a line of credit or a fixed monthly allotment. And the best part is that you still are in control of your home and it’s title.
At Edison Mortgage Group, Mark Ary’s mission is to serve his customers with honesty, integrity, and competence. Mark’s goal is to provide home loans to his clients while providing them with the lowest interest rates and closing costs possible. Furthermore, he helps borrowers overcome roadblocks that can arise while securing a loan. Mark wants to thank you for giving him the opportunity to earn your business! “What sets me apart from my competition is that my rates and fees are among the best in the nation.”—Mark Ary
To find out more about your reverse mortgage options, please call Mark today at (239) 549-1997.
NMLS # 499320
NAR License # 258006473
FAR License # 3078731
Notary Public
“Experience and Integrity… It Matters”
“What sets me apart from my competition is that my rates and fees are among the best in the nation.” —Mark Ary
Edison Mortgage Group
Cape Coral, FL 33904
(239) 549-1997
(239) 215-8436 E-Fax
Financing@MarkAryMortgages.com www.MarkAryMortgages.com Facebook.com/MarkAryMortgages
