What are the various ways that I can receive the proceeds of my Reverse Mortgage?
You may receive all of the proceeds at the time of initial funding. You may receive the proceeds in a line of credit to be drawn as you wish. You can receive a monthly income stream over your anticipated life expectancy, or if you wish you can receive the proceeds over a specific number of months. Finally, you may be able to receive the proceeds through a combination of these disbursement methods.
