Bring our care and compassion to your loved ones today... call us at 501-920-6618

In-home Care Financing Options

In today’s world, most of us are working longer hours and have more responsibilities than ever before. This means that many of us need help with daily tasks like housekeeping, cooking, shopping, and caring for a loved one who isn’t able to live independently anymore. If you’re caring for an aging parent or grandparent who has health issues or disabilities that make it difficult for them to continue living independently in their own home, it might be time to explore financing options for in-home care services or perhaps Adult Daycare.


The first and most helpful resource for financing in-home care or adult daycare is using a specialized funding solution that can best structure your financial situation. Seniors Serving Seniors has partnered with a well-known company that can assist you. Reverse Care Insurance is a funding resource that can put together solutions that offers you a better situation than a standard reverse mortgage or equity loan. Before applying for a home equity loan or reverse mortgage to fund senior care, please check with the folks at Reverse Care Insurance.

in-home care financing options in Arkansas

Taylor Boyd
Reverse Care Specialist
Reverse Care Insurance, LLC.
Direct Phone (601-918-1108)

In-home Care Financing Options: Reverse Mortgages and Equity Loans

Reverse mortgages and equity loans can be a great way to pay for elderly care as well as save money at the same time. Bricker finance is a term used when family members take out loans against the value of their homes with the intention of paying it back over time with periodic payments from their monthly mortgage payment. The loans can come from banks and other lenders but are also known as reverse mortgages or home equity loans. A reverse mortgage allows homeowners over the age of 62 to borrow from their home’s equity instead of selling their homes outright in exchange for cash. It is one of the most used in-home care financing options.

How does a Reverse Mortgage Work?

A reverse mortgage works by offering a lump-sum amount of cash at the start before the loans are finalized. The loan is then paid back over time in periodic payments to the lender, which can be as much as 20 percent of the borrower’s monthly mortgage payment. It usually takes three to five years for this process to complete. The loans have flexible interest rates and can be used to help pay for caregiving services. This means you don’t need a perfect credit score or any other type of collateral to get approved for a loan–just your current home as collateral. 

For more information on how a reverse mortgage works when financing senior in-home care consult your financial advisor. Make sure to explore all in-home care financing options available to you.

Pros and Cons of Using a Reverse Mortgage for Senior Care

Reverse mortgages offer a variety of in-home care financing options and benefits. Here are some pros and cons to consider with this type of financing:


– Allows seniors who own their homes outright to use the equity in their homes as an easy way to pay for care

– Reduces the need for selling a home

– A reverse mortgage can help seniors avoid paying interest on the loan

– The home equity loan will help your loved one maintain or increase their monthly income which may be helpful for daily living expenses

– Helps seniors avoid high-interest credit cards or loans

– May provide some tax savings


– You must qualify for a reverse mortgage and cannot borrow more than your current home is worth (the amount you owe cannot exceed your home’s value)

Bottom Line: Reverse Mortgages Can Be a Great Way to Pay for Care

If you are looking for in-home care financing options that help you pay for care, a reverse mortgage can be a great option. This type of loan allows homeowners to borrow against the equity in their home while still living there. In addition to paying back the loan with monthly payments from their mortgage, they get some interest on the loan as well.