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

(60)

Knowledgeable, Attentive, and Accommodating Knowledgeable, Attentive, and Accommodating. For me, Larry deserves 5 stars

Anita K — Feb 17, 2017

Easy Process and Friendly Service Larry was great to work with. He guided me through the process and was very specific about the information I needed to provide so that I was prepared each time we met. He came to my home for all of our meetings and that was very convenient for me. Larry was aware that I needed to get my loan closed as soon as possible and he made sure the underwriters were aware of that. When it was time for me to close, I asked Larry to be there since I trusted him and wanted his support. He was there as promised. Closing was easy and straighforward and everything went the way I expected. I am very pleased with Larry and would recommend them highly.

Rhonda T — Oct 19, 2015

Very Happy With My Decision My experience with Larry was just wonderful. He was available for all my questions and had all the answers, I am very happy with both my decision to obtain a reverse mortgage and that Larry was the representative I chose to work with. If anyone would ask me about a reverse mortgage I would not hesitate to give them Larry's name.

Burton Y — Jul 24, 2017