Respite Care

Family Caregivers Need A Vacation Too!

At-Home Respite Care to the Rescue

Being a caregiver for an older loved one can be very rewarding. The truth is as much as we long to give our best, caregiving is exhausting! Being a family caregiver is likely not something you expected. The challenges can seem overwhelming at times. It’s perfectly normal to feel like you need a break. Carving out time for yourself is essential for your well-being. A family vacation or getaway with friends is often just the remedy needed to rest, refuel and reconnect with your thoughts and feelings.

You may be asking “How can I find someone to properly care for my loved one so I can
plan for time away?” Carving out time for yourself can be difficult, especially with the
added demands and responsibilities of work and family. That’s where in-home respite
care comes in! In-home respite care is an option that allows older adults to remain in
the familiar surroundings of home while you’re away. The New Jersey Department of
Human Services does provide some assistance for those in need of respite care
however there are stipulations and limitations. There are respite care opportunities in
senior living communities and nursing homes but most people prefer to stay
home and avoid the upset of a temporary move to unfamiliar surroundings. For a pleasant experience for both your family and your loved one, home respite care is the answer.

What Are the Advantages of In-Home Respite Care?

Respite care or short-term assistance given by a home care professional caregiver
(Certified Home Health Aide, CHHA) is a wonderful way to get that time away and worry
less, knowing that your loved one is well taken care of. It can be helpful for other
occasions as well, such as weddings, business trips, unexpected events or anytime
when you need a qualified caregiver to step in and take your place.

Visiting Angels Home Care has a multi-level approach with the tools in place to
provide quality care for your loved ones. Our care team has been
developed to provide continuity of care that includes:

● Nurse Supervision – a nursing assessment is done and a customized care plan is
created with your loved ones needs and desires in mind.
● Client-Caregiver Liaison – The liaison is in place to address any concerns you,
your loved one or the caregiver may have concerning your loved one.
● Certified Home Health Aides – trained to provide your loved one with
compassionate care with dignity and respect.
● Support Staff – who are in place 24/7 to address any concerns regarding your
loved one while you are away.

So what are you waiting for? Take that vacation, reconnect with friends, say yes to the
business trip. A respite care plan will allow you to get some rest and relaxation, take
care of business and maintain your sanity. Avoid caregiver burnout! You will be a better
family caregiver if you give yourself time to refuel. Entrust your loved one into the
capable hands of Visiting Angels.

Visiting Angels is committed to providing your loved one the highest quality care with compassion, dignity and respect. We are licensed, insured and recognized for excellence in home care. We offer flexible scheduling options that range from hourly care, round-the-clock and live-in assistance. Schedules can be arranged a few times a year or on a recurring basis. Once you try Visiting Angels you may decide that the continuing with our services are a worthwhile investment for your family. An established relationship with Visiting Angels will remove the stress and provide the optimal lifestyle for your loved one.

Eliminating Debt

Eliminating Debt

Extinguishing Non-Housing Debt with Housing Wealth

There are households with a low mortgage interest rate but tens of thousands of dollars in high interest credit card debt and other loans leaving them with less than a desirable amount of cash- flow. Many might resist even considering a refinance because mortgage rates currently being offered are much higher than what they currently have.

A cash out refinance could be a great solution to help them. They could possibly increase their monthly cash-flow, pay off their mortgage sooner which seems kind of counter intuitive, simplify their finances, improve their credit score, grow their wealth/savings or a combination of these results.

An example, Bob & Mary refinanced their loan back in 2020 in the 3% range and currently owe $336,350. They have $42,000 in credit card, student and auto loans that are costing them $2,426 per month. There are at least 3 paths we can take here. Here are the most obvious to me.

  1. By refinancing their existing loan balance and pulling out an additional $42,000 at a new rate in the 6% range, the monthly non-mortgage debt would be eliminated. As a result, Bob & Mary now have freed up approximately $491 per month.
  2. By refinancing and paying off the non-mortgage debt and taking the $491 in savings and putting down the mortgage balance monthly, Bob & Mary will pay off that mortgage in 19.25 years versus the 26.75 year pace they were on. So, without spending any more total dollars they will shave off over 7 years of mortgage payments.
  3. Another option is putting that $491 per month into an investment account. If that account achieved a consistent 5% annual return all years, it would have accumulated almost$131,000 after 15 years. *

As with most financial questions, the right decision depends on one’s circumstances, discipline and goals. A certified mortgage advisor can help evaluate each individual financial situation and determine if a cash out refinance is the right choice for them.

*The information contained herein is distributed for educational purposes only. Fairway does not guarantee a mortgage loan will result in equity gains or other advantages. Any potential benefits from homeownership are based on individual factors. Contact your Fairway loan officer for more informationregardingyourspecificsituation.Thisisnotanoffertoenterintoanagreement.Notall customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

MarkRichardsLONMLS#254317. Licensed by the NJ Department of Banking and Insurance. Licensed Mortgage Banker- N.Y.S. Department of Financial Services