You can actually choose to take your payments in three different ways - all at once in a lump sum, in monthly payments, or as a line of credit that you can access as and when you need to. You can also combine these methods to make a payment plan that suits your needs in the best way. So yes, if you need to take a lump sum and then use the remainder of the proceeds to open a line of credit, this can be arranged with your AAG reverse mortgage professional.

To find out more about how American Advisors Group can help you, order a free educational DVD with the link or phone number provided. It will answer a lot of your questions and give you greater insight into the positive impact a reverse mortgage can have.

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.