Sure, a reverse mortgage could be described as way for seniors to live off the equity in their homes. A reverse mortgage lender will calculate an amount of money you could borrow by using the age of the youngest borrower, the value of your home, and current interest rates. You can take the money all at once, in monthly installments, as a line of credit, or by a combination of these methods. A reverse mortgage is different because rather than making monthly payments back to the lender, the original amount you borrow is subject to interest and fees that accumulate on the total value of the loan. The loan only becomes due and payable when all named title holders permanently leave the property. Call us today for more information, and to see if you qualify. Take the initiative and apply today for one of our free brochures and educational DVDs. We'll send a copy to you if you fill in your information on the web link provided. It will give you a lot of valuable information about reverse mortgages that can help you with your decision.

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.