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Do I receive the money from the reverse mortgage in a lump sum, or in monthly payments?

April 26, 2017lump money PAYMENTS reverse mortgage

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Do I receive the money from the reverse mortgage in a lump sum, or in monthly payments?

1 Answer

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You can receive the money any way you wish: in a lump sum; in monthly payments for as long as you live in your home; or, you can take out a partial lump sum, with the rest to be paid monthly.