A reverse mortgage can impact your eligibility for government need-based programs. For example, the money you receive from the loan can cause you to violate asset restrictions for Medicaid and ...

Can affect your retirement benefits. Reverse mortgage proceeds may affect your eligibility for means-tested federal government programs like Medicaid or Supplemental Security Income. Foreclosure risk.

Since the proceeds from a reverse mortgage loan impact your household's financial resources, they could hurt your ability to qualify for certain government benefit programs (such as Medicaid ...

However, if you receive Supplemental Security Income (SSI) or Medicaid, you'll need to exercise caution. These programs are means-tested, and reverse mortgage proceeds that remain in your account ...

For senior homeowners, one viable option is a reverse mortgage, which is a unique type of mortgage that allows individuals aged 62 or older to convert a portion of their home equity into cash.

Over the past several years, the reverse mortgage industry has sought to make progress with financial advisers. The industry views these professionals as a key constituency for referrals and wants ...

Margolis provides insights into potential actions regarding a reverse mortgage, eviction proceedings, and Medicaid implications. My mother has been living in a skilled nursing facility due to ...

While people often lump a reverse mortgage and refinancing together, these financial products are meant for two separate types of people. A reverse mortgage is for seniors who need access to cash ...

In chapter 10 of "Inheriting Your Spouse's IRA," author Bill Harris outlines the strategic uses of a reverse mortgage. Reverse mortgages are a type of home loan available to homeowners age 62 and ...