Reverse Mortgages and Medicare/Medicaid
If you are currently on Medicare, a reverse mortgage will have no impact on your Medicare benefits. However, if you or your loved one is facing the huge expense of nursing home care, a reverse mortgage may be the answer to your prayers.
If you are asking yourself, “Where will we get the money to pay for the nursing home”, your home equity is your answer! It’s time your home paid you back!
Call us and we’ll show you how! It’s time your home paid you back!
Since Texas is a Medicaid ‘right to recover’ state, Medicaid can file a lien on your home to ‘recover’ the money they have spent on you or your loved one’s care in a nursing home. However, a reverse mortgage structured correctly, will protect your home for your children and grandchildren.
If your loved one is already in a nursing home, our Medicaid specialist will help you with your reverse mortgage.
Please consult with our Medicaid specialist before you do anything. He will be able to show you how to get the maximum amount out of your home for your future, while having your loved one qualified for Medicaid and still protect your home.