It is no problem to use the proceeds of a reverse mortgage to make home improvements. As part of the reverse mortgage process, an appraiser will visit your home and they will indicate what must be completed to make the property within HUDs minimum property standards. If there are some improvements that must be made, then you must complete the work within six months of the closing. Any repairs that aren't stipulated can be started whenever suits you, using the proceeds of your reverse mortgage. Please do wait until you have received the proceeds of your loan though, as the home must be in a good state of repair, not being worked on, to qualify.

If you would like to receive our helpful DVD, which we'll send to you for free, click on the link or call us on the number provided. The DVD features Former Senator Fred Thompson, and we will send it to you along with a brochure about the great benefits of a reverse mortgage.

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.