Corporate Office:
2650 Camino del Rio North,
Suite 350
San Diego, CA 92108
Utah DRE #: 6620998-MLCO

Utah Agents:
Tel: (801) 717-5200
Fax: (801) 491-8842
Info@safundingutah.com
www.safundingutah.com

Advantages for Children
 

How can you help your parent(s) age gracefully?

A government insured reverse mortgage might be the right answer to help your parent(s) maintain their needs and their self-esteem.   

Do you have the means to provide the necessary income for their daily needs?

Some children have the finances to support their parent(s) needs, but helping them financially may hinder their feelings of self-sufficiency and self-esteem.   

With the above two thoughts in mind, the federal government has developed a program to help our American seniors maintain that self-sufficiency and self-esteem.  Below are some of the advantages you may feel as a result of your parent(s) getting a reverse mortgage. 

1. Reverse Mortgage Funds:
   1. Can ease parent(s) financial burdens.  Providing a better quality of life.
   2. Can allow parent(s) to travel or fulfill dreams they were not able to do while raising a family.
   3. Can help parent(s) with medical needs, prescriptions drugs, etc.
   4. Can be used by parent(s) for in home care when children cannot be there.
   5. May reduce financial burdens on children & helps parent(s) remain self-sufficient. 

2.      Upon parent(s) leaving the home through death, moving or going to live in a care center, the house can be sold and the remaining equity (after the loan is repaid) can be distributed according to the parent(s) wishes or the outstanding reverse mortgage loan can be repaid & the home becomes free & clear.