How can I use the money I get from a Reverse Mortgage?

 

You can use it for any purpose or purposes you choose. Some of the ways Access Reverse Mortgage clients have used their money include:

• Receive a guaranteed lifelong monthly income
• Pay off existing debts or mortgage
• Home improvements
• Pay health care expenses
• Pay taxes and insurance
• Pay daily living expenses
• Take a dream vacation
• Provide a “financial security blanket” against the unexpected

 

Simply, there are NO restrictions on how you use your money. One of our clients used his proceeds to purchase his dream…a Harley-Davidson!

 

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