Page 32 - 2018 Senior Scene Magazine February
P. 32

Senior Scene® | February Issue
Most Americans when looking for some sort of financing seek traditional tools like mortgages, home equity loans, personal loans, and credit cards. All financing options come with interest; however these options all require a monthly loan payment. Over time, this requirement may start to affect one’s ability to live comfortably.
But if you’re a homeowner who’s 62 or older, you have access to a special financing option that can better suit your needs now and in the future. A Home Equity Conversion Mortgage loan (HECM) can be used to consolidate high-interest debts into one loan that can help you dramatically reduce your monthly bills thanks to its flexible repayment feature.
Here is a hypothetical example (for illustrative purposes only):
Mr. and Mrs. Smith, age 67, have outstanding balances of:
$50,000 mortgage +$15,000 credit card +$ 8,000 car loan
$73,000 total debt
Each month, they pay $1,600 in principal and interest.
With a HECM, they could consolidate this debt and dramatically reduce or even eliminate the $1,600 monthly payments -- because the HECM repayment terms are flexible. Each month they can choose to pay any increment they want towards principal and interest, or defer repayment!
In just one call you can learn how to substantially reduce your monthly payments. Call me today to learn more at 321-259- 7880. Or email me at Serving the state of Florida/Branch NMLS#1661149
Use Your Home’s Equity to
Manage Monthly Payments
Barbara McIntyre, CRMP Certified Reverse Mortgage Professional NMLS#453405
Often a family member is the first to notice a cognitive change in a loved one. They find them to be forgetful becoming confused and now there is concern about their ability to be left alone. Is it possible to share information that may help one to address concerns a caregiver/family may have?
Today, Alzheimer’s has become a growing concern in our senior population. Dementia, an “umbrella” term is used for describing a form of cognitive impairment or memory disorder. Growing older, it is natural for the elderly to become forgetful, not remembering things well.
But the type of dementia spoken about here is much deeper than just forgetfulness. It interferes with their understanding, their cognition, and ability to live independently. Dementia robs them of their mind, their personality. They lose who they are.
With losing their ability to perform their normal activities of daily living they now need the assistance of others to carry out just simple tasks. Things we may consider simple in life may no longer be simple when they no longer feel independent.
The dementia person can often feel trapped in their world. Simple noise to us may not interfere with our focusing, but to the dementia person, it is distracting and even disorientating. To the dementia person what once was simple is no longer simple. They have lost their feeling of independence, and now they feel imprisoned in their bodies.
Often to help understand the dementia person, you often have to get into their world. Working slow, showing compassion, listening, touch and the feeling of acceptance goes a long way. Getting a dementia person into a stimulating cognitive program can become very therapeutic. Support groups and daycares are the best.
When you notice a change
Marianna Hutchinson Executive Director Senior Care of Brevard
32 | | February 2018

   30   31   32   33   34