November 3, 2017
Ted Sarenski was quoted on the topic of Affording Assisted Living Care in the October edition of Consumer Reports magazine.
- 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/