How can I receive the funds from a reverse mortgage?

You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly advances (either for a fixed length of time, or as long as you live in the home)
  • Line of credit (take funds when you need them) — this has become the most popular option
  • Or a combination of the above

Verified Reviews

(214)

Always Available and Knowledgeable Always available and knowledgeable. Always had time for any and all the questions I had and never seemed rushed. .

Dale M — Apr 17, 2023

Much appreciated blend of professionalism and cordialit Larry was a much appreciated blend of professionalism and cordiality. He was very thorough in the coverage of reverse mortgage issues and explained them with great clarity and patience. It was a good experience with a complicated matter.

Jeff R — Mar 17, 2016

We were really unsure about doing a reverse mortgage We were really unsure about doing this type of loan, but Larry helped us through it and even though it seemed to take a long time, because of all the paperwork and the need for looking up files for them. But Larry kept us informed all along the way and assured us we were doing things correctly! Thanks, Larry, for all your help!

Erwin & Sharon H — Jul 14, 2022

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