Homeowner Options For Massachusetts Elders - H.O.M.E.

Elder Homeowner Protection Since 1984...Free and totally confidential...1-800-583-5337

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What can H.O.M.E. do for you?

H.O.M.E.’s statewide coverage includes an ever-growing number of local lenders and trained counselors partnering with various local nonprofit and public agencies. H.O.M.E's program services involve:

  • In-home counseling across a broad spectrum of concerns and various resource options, including:
    • health and in-home care
    • income supplements
    • home repairs
    • debt management
    • budgeting
    • long-term financial and remainder-of-life planning
  • Specialized intervention counseling and advocacy regarding:
    • foreclosure prevention and premature displacement threats due to overwhelming health and housing code problems
    • property tax and water liens
    • excessive consumer debt, mortgage and refinance difficulties
  • Elder Economic Literacy Project:
    • education programming for both elder consumers and elder/housing service agency personnel and various involved professionals to facilitate elder referrals in a more timely manner. For example, on October 3, 2012, HOME made a presentation to staff from over 30 Councils on Aging.
As a last resort, H.O.M.E. may craft a loan product with a community lender. Among these alternatives are conventional, hand-crafted portfolio and equity conversion products, including reverse mortgages (both term and open-ended insured), as well as the innovative Senior Equity Line of Credit (S.E.L.O.C.). Refer to actual case studies.

Once selected, the appropriate option can provide elders with:
  • A way to pay for:
    • property and mortgage arrearages and overwhelming consumer debt
    • health needs and/or home health care
    • home repairs and/or adaptations
    • monthly income supplements, etc.
  • The opportunity to stay in their own home and retain independence
  • Ability to acquire critically needed services and resources to extend home tenure
  • Maximum consumer protection and preservation of home equity for future contingencies
  • Long-term monitoring

Elder Homeowner Protection Since 1984

Free and totally confidential...800-583-5337



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