Home Modification and
Repair
Home modification and repair includes adaptations to home that can make it easier
for seniors carry out day-to-day activities such as bathing, cooking and climbing stairs.
Alterations to the physical structure of a home can improve safety and prevent accidents.
Reverse Mortgages
The Department of Housing and Urban Development (HUD) created one of the first Reverse
Mortgage programs. This is a federally insured private loan which is believed to be a safe
plan that can give senior homeowners an opportunity for more financial security. Check out
the
Top Ten Things You Need to Know About
Reverse Mortgages.
Also check out the National Center for Home Equity Conversion (NCHEC) and its
Consumer Information on
Reverse
Mortgages web site. NCHEC is an
independent nonprofit organization
specializing exclusively in reverse mortgage education &
analysis
Protect Yourself Against the Reverse Mortgage Scam
Your home is probably your largest single investment. Beware of scam artists who
take advantage of seniors who are interested in reverse mortgages. For example, they
charge thousands of dollars for information that is free from HUD in their bulletin
Reverse Mortgages for Seniors.
Keep Your Home
If you face financial troubles, or if your home is damaged by a natural disaster
such as flood or earthquake, read HUD's information
Keep
Your Home.
