What can I use the funds for?

April 27, 2018

You can use the proceeds of your reverse mortgage loan for almost anything. Common uses include:

  • Paying off an existing mortgage (a requirement of the loan)
  • Paying medical bills
  • Paying off a large bill
  • Financing home repairs and renovations
  • Paying for in-home care
  • Spoiling the grandkids

Topics in This Article