Nancilee Carranco NMLS#1983717

How You Can Use the Money

A Reverse Mortgage allows you to comfortably live in your own home and handle unexpected expenses without another loan or needing to depend on others. The money you receive from a reverse mortgage is yours, and can be used for whatever you like. Here are some of the most popular uses for reverse mortgages:

  • Paying off your existing mortgage
  • Home repairs and improvements
  • Medical expenses
  • Use it for a dream vacation
  • Long term health care
  • Travel and Tours
  • Education fee for your grandchildren
  • Helping family members or loved ones financially.
  • Anything you want