Posted on Feb 11, 2018
Do you need a temporary solution while waiting for long term funds to come in? Bridge loans are on the rise in popularity when it comes to helping pay for the cost of senior care. Some examples of when it may make sense to use a bridge loan to cover home care costs include waiting for veteran’s benefits applications to be processed, when selling a home, or as an alternative to a reverse mortgage. This type of loan was developed by Elderlife Financial Services, a firm that specializes in helping families pay for senior care. A bridge loan is meant to serve as a “bridge” to help families cover the initial costs of in home care until a more permanent funding solution is available. The loan provides funding on a temporary basis, typically for up to a year. Elderlife’s loan allows up to six different friends or family members to contribute funds toward an elderly loved one’s care.
Senior Helpers – Sacramento/Placer provides compassionate caregivers to help our local seniors with day-to-day tasks such as housekeeping, meal prep/planning, and transportation as well as providing assistance with bathing, dressing, medication reminders and more. Our mission is to improve the life of seniors and help relieve the burden on their families. If your loved one lives in Sacramento or the surrounding areas (Roseville/Rocklin, Folsom, Rancho Cordova, Elk Grove) and you would like more information, please call us at 916-671-5777 or click the Contact Us link at the top of this page.