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Line of Credit Financial Services

Often, seniors don't have a lot of extra income or savings to pay for long-term care but do have financial resources tied up in their home ownership.

Before you sell a home that may need work, you may want to consider a senior living line of credit. This product offers a way to secure a line of credit to help make payments for senior living. This financial option is especially valuable if the individual, needs time to sell a home or other assets in order to pay for care. It can also be helpful if they are waiting for federal benefits to start, such as Veteran's assistance.

These lines of credit are accepted at thousands of communities across the United States. They allow seniors to borrow only what is needed on a monthly basis to help finance their senior housing and care needs. Like any loan, a senior living line of credit is subject to credit approval.

One company that provides lines of credits specifically for senior living expenses is Elderlife Financial Services. Families who use Elderlife are assigned a Family Advisor who is an expert in both banking and retirement living. Your Family Advisor will assist you through the application, approval, and loan disbursement to your senior community each month.

The Senior Living Line of Credit can be used to:

The benefits of this line of credit often include:

If you would like to learn more about Elderlife Financial Services, call 1-888-228-4500, or call one of our Villa Natura representatives.