VIDEO REVERSE MORTGAGES. HOW A REVERSE MORTGAGE W0RKS.

FILMED IN ILLINOIS, APPLIES TO FLORIDA AS WELL!

Income, assets, monthly expenses, and credit history will be verified.Once home is sold, the proceeds from the sale will first go to repaying the reverse mortgage balance . Once all liens on the home and any fees associated with the sale of the home are paid off, any remaining proceeds after that will belong to you or your heirs. Funds are considered loan proceeds and not income. Medicaid and other need-based benefits may possibly be affected.