How The Reverse Mortgage Money Can Be Used
With a reverse mortgage, you have the freedom and flexibility to use the money from your home in any manner you see fit ... there are no restrictions on how you may use the funds you receive from your reverse mortgage.

Experience indicates that people use the funds for a variety of reasons including:
    Healthcare and prescription drug costs
    Home remodeling or repair
    Supplemental income for everyday living expenses
    Assisting grandchildren with education expenses
    Estate and financial planning
    Long-term care insurance
    Buying a new car or taking a vacation
    … or anything else you decide you want to use it for!
You also have flexibility in HOW you receive your reverse mortgage money.
    As a growing line of credit that the homeowners decide when and how much to use
    A regular monthly cash advance for a fixed term or for life of the owners
    A single lump sum of cash for the full eligible amount
    Or as a combination of the above payment methods