Understanding On Reverse Mortgage

What is needed?

A debt free residential house in good condition which can be used for a period of at -least next 20 years standing in the name of the borrower who should be more than 60 years of age. Spouse who is a joint owner of the borrower if less than 60 years (but not less than 55 years) …Read More

Reasons for Shrinking Care On Elders

Education system detaches the young from their family and consequently the emotional binding is detached. Unbalanced education system creates unbalanced earning opportunity. This imbalance increases the stress level of both employed as well as unemployed resources
Employment system pull’s children away from home town and their fear about job security make them to ignore care for their own family members’
Women employment …Read More

Assisted Living – Outsourcing Of Elderly Care

Since the family size has reduced, there is very limited scope that an employed child can live together with their parents.

Even if elders live together with their child, during their ailing periods they cannot be cared 24X7 due to various other reasons. Financial need even if managed, physical presence and care has become practically not possible since one can either …Read More