Friday, February 6, 2015

Funding Your Move to An Assisted Living Community





If you are looking into assisted living communities for your new home, you will want to have an idea of how you will be able to afford your living expenses. There are several affordable assisted livingresidences available, and with a little bit of financial planning, you will be enjoying your new home without having to worry about how you will pay for it.

There are several options available when moving into one of the assisted living communities in your area. You could get a loan right through the assisted living facility itself, often with an answer about eligibility in less than 24 hours times. This is best done in conjunction of selling your current home. The loan would be used to fund the new housing and after sell your home you would be able to pay off the loan, using the money for your new housing. This allows the benefit of holding out for the best possible price when selling your current home rather than taking the first offer.


Affordable assisted living can help you with the process of finding out if you are eligible for money from the Department of Veteran's Affairs to help fund your housing. Wartime veterans and their spouses are usually both eligible for residence assistance. There are also ways to obtain money for assisted living through any life insurance policy you may have that is in good standing. Financial advisers at the assistance living facility will be able to help you in finding out if this would apply to you.

All of these options would be able to be reviewed through the financial department within the assistance living facility and their financial department would be able to help you every step of the way in finding the best solution for funding your stay within the facility. If you have any questions regarding financial options or want more information on affordable assisted living, visit our webpage at www.allamericanal.com.