"No, tax credits are not usually a factor that affects a reverse mortgage. If you meet our requirements criteria and qualify for a reverse mortgage, you can certainly opt to use the money to help pay for your grandchildren's college fees. However, as you will not be making payments back to AAG, you cannot claim this as a tax credit. I highly recommended that you consult your tax advisor on this matter, he will be able to give you in-depth and specialized information on your exact situation. Then I'd like you to contact AAG, as we have a great team of friendly professionals who will answer any other questions you may have.

As an introduction to reverse mortgages and the positive affect they can bring to your life, you can also order our informative DVD or call us on the number provided. The DVD will give you greater insight into how reverse mortgages work, just follow the links provided to get your free copy mailed to you. "

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.