Reverse Mortgage Payment Plans

Depending on the specific reverse program you choose, you can select one of four options for receiving your reverse mortgage funds:

1. All at once, in a single lump sum of cash.
2. As a regular monthly cash advance.
3. As a “credit line” account that lets you decide when and how much of your available cash is paid to you.
4. As a combination of these payment methods.

No matter how this loan is paid out to you, you don’t have to pay anything back until you pass away, sell your home or permanently move out of your home.

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