Cash may be used for any purpose


With Reverse Mortgages the money could be used for any purpose, such as:

  • Eliminate existing mortgage loan payments
  • Payoff credit card debt
  • Supplement retirement income
  • Help pay for medical and prescription expenses
  • Pay for in-home care, long term care insurance, Medicare supplement
  • Use funds for home repairs or modifications
  • Use for wealth redistribution, estate planning or make a living charitable donation
  • Lifestyle enhancement
  • Travel

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