November 3, 2017

Ted Sarenski was quoted on the topic of Affording Assisted Living Care in the October edition of Consumer Reports magazine.

BOSC’s Ted Sarenski, was quoted in the October 2017 issue of Consumer Report magazine, regarding Assisted Living Care.

  • Homeowners who want or need to keep a home in the family can take out home equity loans or home equity lines of credit, says Theodore “Ted” Sarenski, a CPA personal finance specialist and CEO of Blue Ocean Strategic Capital. Shop for the lowest setup costs, including fees for loan processing, origination, and underwriting; appraisals; and document preparation.
  • But if your bank won’t budge, don’t sweat the penalties, Sarenski says. “The bank will just change the interest rate back to that of a savings account,” he explains. “In this low-interest environment, you’re not missing much.”

If you have questions regarding Assisted Living Care, please contact our BOSC office.

Link to Complete Article:  https://www.consumerreports.org/personal-finance/11-ways-to-afford-the-assisted-living-care-you-need/