What can H.O.M.E. do for you?
H.O.M.E.s statewide coverage includes
an ever-growing number of local lenders and trained counselors partnering with various local
nonprofit and public agencies. H.O.M.E's program services involve:
As a last resort, H.O.M.E. may craft a loan product with a community
lender. Among these alternatives are conventional, hand-crafted
portfolio and equity conversion products, including reverse mortgages
(both term and open-ended insured), as well as the innovative Senior
Equity Line of Credit (S.E.L.O.C.). Refer to actual case studies.
- In-home counseling across a broad spectrum of concerns and various resource options, including:
- health and in-home care
- income supplements
- home repairs
- debt management
- long-term financial and remainder-of-life planning
- Specialized intervention counseling and advocacy regarding:
- foreclosure prevention and premature displacement threats due to overwhelming health and housing code problems
- property tax and water liens
- excessive consumer debt, mortgage and refinance difficulties
- Elder Economic Literacy Project:
- education programming for both elder consumers and elder/housing service agency personnel and various involved professionals to facilitate elder referrals in a more timely manner. For example, on October 3, 2012, HOME made a presentation to staff from over 30 Councils on Aging.
Once selected, the appropriate option can provide elders with:
- A way to pay for:
- property and mortgage arrearages and overwhelming consumer debt
- health needs and/or home health care
- home repairs and/or adaptations
- monthly income supplements, etc.
- The opportunity to stay in their own home and retain independence
- Ability to acquire critically needed services and resources to extend home tenure
- Maximum consumer protection and preservation of home equity for future contingencies
- Long-term monitoring
Elder Homeowner Protection Since 1984
Free and totally