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You've made the decision to move into a Continuing Care Retirement Community. Now you need to pay the entrance fee. Are you concerned that you can’t do that until you sell your home or liquidate other assets?
The Elderlife Capital Access Program removes the worry and the wait. Elderlife's Capital Access Program (CAP) can bridge the financial gap until you sell your home, funding all or part of your entrance fee.
The process is easy:
- Your Elderlife Financial Relationship Manager will guide you through the CAP process from beginning to end.
- You complete the "no obligation" application process.
- Your application is reviewed by the funding bank.
- Elderlife Financial works with your community to communicate to your funding bank.
- If approved, proceeds are paid by the bank direct to the CCRC for your balance due.
The benefits are numerous:
- Move to the community of your choice while you work on selling your home.
- Minimal or no closing fees depending on collateral used.
- Real estate or securities may be used as collateral.
- Assistance from experts who understand both banking and retirement living.
- Convenient direct payment to the CCRC.
For more information, visit our Answer Center.
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