Reverse Mortgages on Essential Home Improvements for seniors - Liberty Reverse Mortgage

Liberty reverse mortgage presents some tips about the essentials of home improvements for retirees. They have released the tips about the essentials along with reverse mortgages for home improvements for seniors after retirement.
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Kingwood, TX ( January 5, 2013 - Texas, USA - Januray'2013 - - Liberty reverse mortgage a very well known reverse mortgages expert have released some tips for retirees to work on getting the essentials for home improvement after retirement.

Liberty reverse mortgage professionals at the release of these tips say, "There are various ways available with the help of which people after retirement can work on their home improvement for their better living. However, they might not have any idea about this, they want to know how to improve their home after retirement, and here tips by liberty reverse mortgage on the basis of American Association of Retired Persons survey which can very well help you."

The American Association of Retired Persons (AARP) produced a fifth report, at the turn of the new millennium, which highlighted the fact that a great number of people, forty-five and above, in the United States would feel better if they lived self-sufficiently at personal residences or communities, permanently.

The major finding of the survey was to the effect that many senior citizens feel a self-obligation to alter their homes personally. Indeed, the year 2000 report showed that 7 out of 10 older persons with the ability to alter their residences had done a single revamp or more that had made mobility for them more convenient in the interior. 70% of the 2000 people above forty-five who participated in the survey, who had so far managed to render alterations in their interiors, felt that their work would give them a longer lease of life, which AARP put at 10 years or so. The survey took place over the phone and concentrated on the opinionated side of behavior among the senior population with regard to their contemporary, as well as, lifelong housing wishes.

Some of the gargantuan steps that the larger part of the interviewees said they had rendered simply enough in their interiors revolved around safety and mobility. Indeed, the association reported that 85% of the 2000 participants had already managed to install safety bars inside their showering areas as well as handrails on staircases. The lamentation for the lapse of making any alteration at all in a senior house was from the fact that one could not to do the job oneself: this view came from thirty-seven percent of interviewees. A similar percentage margin said that it lacked the financial means to do the revamping otherwise one could have committed to it.

The HECM service, also known as Reverse Mortgage can be one of the many choices available in the home credit market today that offers limitless financial means to perform home improvement at no cost. Since lenders offer amortized payments to persons living in the house, it becomes easy to invest some of the cash to finance house overhauls, modify and generally improve.

Here are the survey's findings of the top 10 home improvements:

1 Ramps for mobility vehicles like scooters.
2 Wider thresholds and gates required to allow wheelchairs and scooters.
3 Bathrooms (containing a shower or bath) and bedrooms on first floor.
4 Shower seats that one can carry.
5 Shower heads with portability for sitting while in the bathroom.
6 Holding bars for the showers.
7 Dual handrails on stairs as well as in the front side and backside stairs.
8 Faucets with levers in culinary sinks.
9 Grab bars in the bathroom.
10. Doorknobs with levers are essential.

At the time of releasing these tips liberty reverse mortgage officials said, "Considering that senior citizens channel billion annually towards home improvements, it is essential to create a professional blueprint when going about these overhauls. Perhaps engaging a reverse mortgage dealer, a handyman, or even a suitable building contractor may fit into the context."

About Liberty Reverse Mortgage:

Liberty Reverse Mortgage is a Mortgage Company doing business in Texas and Oklahoma. Established in 2007. They are specialized in reverse mortgage loans only. Company believe to focus on one thing in order to be the best at it. They offer many different types of reverse mortgages programs. Visit the official website for more information -

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Categories: Mortgage

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