Options for Receiving Your Cash with a Reverse Mortgage

The cash available through a reverse mortgage must first be used to pay off any existing mortgages or liens on your property.

The remaining cash is then accessible in one of the following ways:

• Monthly payments for Life (Tenure)
• Monthly payments for a specific period of time (Term)
• Lump Sum of cash at your closing
• Line of Credit
• Any Combination of the above

Some programs have restrictions on payment options.