mortgage & home loan refinance | vase at home

How do I receive the proceeds of a reverse mortgage?

How do I receive the proceeds of a reverse mortgage?

Reverse mortgage proceeds can be in received in 3 ways: as a lump sum amount up front, as a monthly payment, a line of credit, or as any combination of the 3.  The most popular method for seniors is a line of credit account which gives seniors access to the funds when they need it.

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