A Reverse Mortgage makes your home’s equity work for you.  Possibilities are:

 

Supplement your income with monthly checks

 

Keep a line of credit for sudden expenses

 

Eliminate your current mortgage and have no monthly payment

 

Make repairs or improvements to your home

 

Purchase a new automobile

 

Pay for needed prescription drugs

 

Pay for in-home health care

 

Travel

 

Purchase an RV or 2nd home

 

According to a joint survey conducted by the U.S. Department of Housing and Urban Development (HUD) and AARP, the most common uses of a reverse mortgage are: