Repairs that occur after the close of the loan have no time limit to get them repaired. We would hope that you can make the repairs as soon as possible to maintain the property, but there are no set rules regarding an acceptable time limit. As you live in an area where bad weather and hurricanes are an issue, please ensure you keep paying for a policy that gives you an adequate level of home insurance. This is a necessity of a reverse mortgage, along with paying your property taxes too.

If you want to know more about reverse mortgages, feel free to place an order for our educational DVD or phone us on the number provided. The DVD is presented by Former Senator Fred Thompson. It will guide you through the entire process and let you know about the changes we can help you make to your life.

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.