When I ask people why they are making the choice to stay in a home that doesn’t work for them or isn’t safe for them, I’m often told that they aren’t sure they have the financial ability to buy something that works better.
Money is important. That’s why I want to discuss not only one, but two things that can help many homeowners over 62 afford to buy a home that will be easier and safer to life in.
Jody Smythe, who is one of the most knowledgeable people about Reverse Mortgages in our area, can explain how the process works in an easy to understand way. Many people know by now, that a Reverse Mortgage can be used to pay for life changing accessibility remodeling and equipment in their current homes. It can also be used to help with the purchase of a new home that may be easier to modify, closer to children’s homes, or just plain better than what they have right now.
Jody can explain how to use a Reverse Mortgage to move “up” without spending more per month on household related expenses. I know that Jody will visit with my clients, answer their questions, and treat them with the same respect that I would. So I’m comfortable urging you to visit her web site and give her a call for more information. www.jodysmythe.com
The other potential financial boon that my older clients may not realize is available to them is the extended Home Buyer Tax Credit 2009/2010. This expands the credit for up to $6,500 to people who currently own a home if they purchase another home – the contract must be signed by April 30, 2010.
The amount of the credit is determined by the price of the home (800,000 and less) and the buyer’s income. Single buyers with incomes up to $125,000 and married couples with incomes up to $225,000 may receive the maximum tax credit. People who want to take advantage of the tax credit need to get busy soon in order to have a contract in place by the end of April.
So let me ask you. Why are you, why are your parents, why are your older friends living in homes that aren’t safe and aren’t comfortable? Talk to me, 402.291.9514 or BevVan@HomeAccessSolutions.com about getting into a home that will help you remain as independent and happy as you can be for the rest of your life!
