There are several ways to receive the proceeds from a Reverse Mortgage to meet your financial needs. You can combine any of these options:*
Lump Sum
A lump sum of cash at closing.
Line of Credit
Draw any amount of cash at any time until the line of credit is exhausted.
Term
Equal monthly payments to you for a fixed number of years.
Tenure
Equal monthly payments to you for as long as the homeowner lives in the home.
*Some limitations may apply, contact us to learn more about your particular options.