An additional strategic way to use reverse mortgage funds is to finance in - home care as opposed to moving into a nursing home. (americanadvisorsgroup.com)
Another important use of reverse mortgage funds is to cover medical expenses or health - related bills. (americanadvisorsgroup.com)
The homeowner gets reverse mortgage funds in a lump sum, in monthly advances, through line of credit, or in combination of the above depending on the type of reverse mortgage. (badcreditloanservices.com)