The amount of money available to you does differ according to the way you choose to take your loan proceeds. Currently the fixed interest rate loan program offers the most cash, but this is only available if you take a lump sum. The monthly payment and line of credit options can only be offered on a variable rate interest model. However, you may also wish to consider taking tenure monthly payments, as this program has a great long term benefit. Tenure means equal monthly payments as long as at least one borrower remains living in the home. The benefit of the tenure payment plan is that the money will keep on coming on a monthly basis. Even if all the equity in your home has been used, the payments will not stop.

If you'd 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'll send it to you along with a brochure about how a reverse mortgage could help your circumstances.

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.