The big positives of a reverse mortgage are that you never have to make monthly payments, the loan does not have a set expiry date and you can choose to access your funds in a payment method that suits you. As long as you continue to pay your property taxes & home insurance, you do not need to repay the loan until the last borrower sells or leaves the home. There really aren't many negatives to a reverse mortgage, but do keep in mind that this is not free money - your loan is subject to interest and fees. Please do ensure that your home remains your main residence too - so do make sure you spend some time there, and not all your time travelling in your RV!

To find out more about how American Advisors Group can help you, order a free educational DVD with the link or phone number provided. It will answer a lot of your questions and give you greater insight into the positive impact a reverse mortgage can have.

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.