Answers about Reverse Mortgages

How can I receive payments on a reverse mortgage?

A reverse mortgage provides a borrower with choices in how they will access the funds. The choices include:

• a single lump sum payment;
• a regular fixed monthly payment;
• a line of credit to be accessed as you choose; or
• a combination of these options.

If you decide to take a reverse mortgage, you should decide what option best suits your needs.