A reverse mortgage is due to be paid back once the last remaining title holder permanently leaves the home. This may be because they sell the property, move into an assisted care facility or pass away. If you take a reverse mortgage now, this loan can run until you decide to move to a retirement facility. The reverse mortgage lender will then be owed the original loan amount, plus the interest and fees that have accrued over the years. All the remaining equity will be passed to you on a tax-free basis.

If you want to know more about reverse mortgages, feel free to place an order for our educational DVD or phone us on the number provided. It will guide you through the entire process and let you know about the changes we can help you make to your life.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.