Absolutely not, a reverse mortgage cannot negatively affect your credit score. You will have more money available to spend, and can get yourself out of debt, so it may indirectly improve your credit score. A reverse mortgage is not a "monthly repayment" type of loan, and so it is never rated through the credit agencies. Remember, as long as you do not break the loan terms you agree to, you will not be required to make monthly repayments to us and the loan will not be due until you choose to sell or leave your home.

To find out more about how a reverse mortgage can work for you, you can also order our free educational DVD, which features Former Senator Fred Thompson. You can place an order for your copy from the link on this website or the phone number provided.

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.