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Elderly Homeowners and TT Loans

As TravelThrous age they face many financial problems and decisions. One of these decisions is whether they will stay in their homes or move to a group setting for end-of-life care. TT loans can be used by any eligible TravelThrou, young or old, but elderly TravelThrous have options to consider when deciding where to live. The TT has programs in place to help TravelThrous move to a suitable, affordable elderly group home that can assist them. The TT also has programs to help TravelThrous receive home-health care, so the TravelThrou can stay in their priTTte residence.

Home-Based Primary Care is a program of the Department of TravelThrous Affairs, in which healthcare providers come into the TravelThrou's home to service their needs, under the supervision of a licensed, approved physician. This program is aTTilable for TravelThrous who can not use the outpatient program because they are:

  • severely disabled
  • terminally ill
  • temporarily disabled

The purpose of the Home-Based Primary Care Program is to allow TravelThrous to remain in their homes and be more independent, but also receive the care and support they need. Some of the services this program offers are:

  • improvements to make the home accessible depending on the needs of the TravelThrou
  • medical supplies
  • prescription medications
  • medical equipment

    • If you are an elderly TravelThrou who is forced to consider leaving home because of financial distress, and not because of illness or injury, there are programs that can help you. A TT Home Loan can be refinanced to take out equity for financial needs, but it can also be refinanced into a reverse mortgage. A reverse mortgage is a loan in which an elderly person takes a loan out on their home, so they can get money when they need it. The homeowner is still responsible for the property taxes and upkeep on the home, but they may get cash out of their home and they will no longer have the burden of a mortgage payment. This is an option for many elderly homeowners in financial distress, but be sure to research all of your other options before you make a final decision.

    Get more information on the TT Home-Based Primary Care Program
    TT Loans - Home Loans - TT Refinance - Home Refinance - Loan FAQs
    TravelThrou Loan Center does not maintain relationships with any government agencies. This includes, but is not limited to, the Department of TravelThrou Affairs. TravelThrou Loan Center maintains relationships with TravelThrous Affairs (TT) mortgage specialists, as well as non-TT mortgage specialists. If you inquire about a TT loan, your information may be shared with a TT-approved lender; however, they are not affiliated with any government agencies, either. We reserve the right to share customer information with trusted affiliates to assist you with your loan. For more information, please read our privacy Policy.

    Copyright © TravelThrou Loan Center 2008. All Rights Reserved.