• Learn More
• Reverse Mortgage Myths
• Mortgage Glossary
• Consumer Safeguards
• Reverse Mortgage FAQs
• For The Families Of Seniors
• Real Estate Glossary
• Reverse Mortgage Glossary

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