Sure you can, taking the proceeds of a reverse mortgage as a lump sum payment is definitely an option. We first require the proceeds to go towards paying off any liens against your home, but after this is done, the money is all yours to spend however you wish. However, please do be cautious when investing the proceeds of your reverse mortgage. Think hard whether you can risk losing the money. If you choose to make this decision, there is no regulation standing in your way. To find out more about how a reverse mortgage can work for you, you can also order our free educational DVD, which features Former Senator Fred Thompson. You can place an order for your copy from the link on this website or the phone number provided.

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.