Your Path to In-Home Care: Options for Homeowners

As we age, the prospect of receiving in-home care becomes increasingly important. It allows older Americans to maintain their independence and comfort while receiving the assistance they need. However, the cost of in-home care can be a significant financial burden for many folks, the costs continue to grow year over year.

Fortunately, for homeowners, there are several viable options to help afford in-home care, including cash-out refinances, reverse mortgages, home equity lines of credit (HELOCs) and even a life insurance settlement solution.

But before we dive into these options, let’s first explore what in-home care entails and the challenges older people are up against when trying to figure out how to pay for it.