Victims of Medicare Cuts Find Hope in the “HECM” Program

Seniors have been hit hard twice in the past few years.

First, by America’s economic downturn… And again, by cuts to Medicare benefits...

Many seniors - especially those on fixed incomes - have been forced to choose between paying the mortgage, buying food, or paying for life-saving medicine.

And with the cost of living shooting sky-high, many retirement dreams have been dashed on the rocks of inflation.

Thankfully, there may be a ray of hope…

If you are 62 years old or older and own a home, you may apply for the HECM program.

How to find out if you qualify

To qualify for the “HECM" you must be 62 years of age or older.

You must own and occupy your home as a primary residence.

You must remain current on the homes property taxes and home owner insurance requirements.

You must receive counseling from an FHA approved “HECM" counselor.

You must qualify under the programs financial assessment requirements.

The fastest way to determine - with 100% certainty - whether you qualify is to speak with a “HECM” Loan Officer.

They will be able to guide you through the approval process and advise you on any other eligibility requirements.

How to Calculate Your Qualifying Amount

If you qualify, you can choose to receive your proceeds as equal monthly payments for the rest of your life (as long as you or your qualifying spouse live in your home) ...

Or equal monthly payments for a fixed period.

You may also choose to receive unscheduled payments (or installments) at times and in amounts of your choosing up to your qualifying amount.

Or you may choose to combine unscheduled payments with scheduled monthly payments (for as long as you occupy your home as your primary residence).

Or a combination of unscheduled payments plus monthly payments for a fixed period of time.

And finally, you may choose to receive a single lump sum payment.

The calculations are a little complicated, but the tool on this page will provide you with a qualifying amount estimate and put you in touch with an “Authorized Loan Officer” who can tell you for certain whether you qualify.

If you're interested in finding out whether or not you qualify, click the button below to connect with an “Authorized Loan Officer” and calculate your “HECM” qualifying amount..

Article sponsored by Live Well, Inc.