Calculate Your Affordable Payments

*The calculator results are for informational purposes only and are in no way endorsed, offered, or guaranteed by Elderlife Financial Lending LLC. When you finance senior housing and care with an Elderlife Bridge Loan you are borrowing funds needed to make the cash payment for care for each month. The amount that may be borrowed using an Elderlife Bridge Loan is limited to the credit limit for the loan. The financed cash payment amounts shown in the above example are based on interest only payments made under an Elderlife Bridge Loan; no part of this payment amount is applied to the outstanding loan balance or to any applicable fees or other charges such as the origination fee (call to inquire). At the end of the loan term a balloon payment in the amount of the total of all cash payments plus any unpaid finance charges, fees and other charges will be due. The Elderlife Bridge Loan has terms of up to 3 years. This means you may take up to 3 years to repay an Elderlife Bridge Loan; beginning with the date of the loan (usually the day you sign the loan documents) and ending three years from that date. The Estimated Balloon Payment for the above example is shown in the summary tables above. For complete and accurate information, it is best to call one of our Elderlife Representatives toll-free at 1-888-228-4500.

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We are glad that Elderlife was here to help bridge the gap while we waited for VA benefits. We were a bit surprised at how long it took the VA to come through with the benefit and it was nice to have this line of credit available to us.
Robin L., Florence, South Carolina
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Elderlife Financial Services

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Rockville MD 20855