Eldercare Resources
The Eldercare Resource Articles above are written to help you understand the need for and the process of planning for long term care.

There are four key steps to successful long term care planning.

1. Knowledge & Preparation 2. Proper Funding
3. Using Long Term Care Professionals
4.Creating a Personal Care Plan and Choosing a Care Coordinator

  MetLife Bank Jim Pfeiffer
 


There are numerous reasons why many seniors age 62 and over need more money and decide to take out an equity loan. What they find is that a Reverse Mortgage is the right solution because it allows them to convert equity into tax free money, charges a very reasonable interest rate (5 1/2-6%), requires no monthly mortgage payment on their part, has no time limit and keeps them on title. When the house is sold any remaining equity goes to them or their heirs. The loan is federally insured and they never have to worry about paying back more than the house is worth when they sell. The borrower can make payments to minimize the outstanding loan balance but none is required.
   
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Proudly Serving the Chicago Metropolitan Area
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Jim Pfeiffer - MetLife Bank
Chicago, Illinois

Phone #: (773) 235-5815
Email: jdpfeiffer@metlife.com
Web: www.reversemortgage.org

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