If you are 62 or older, a reverse mortgage lets you hold the title and keep living in your home, while collecting payments generated from a loan secured by the home’s equity. Opt for a lump sum payment, or take monthly cash advances during the life of the loan. Because the money is paid as a loan, it’s not considered taxable income and won’t affect Social Security or Medicare benefits.

For more information on reverse mortgages click the link below.

http://www.rmsidac.com