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How does a Reverse Mortgage affect my government healthcare coverage?

* Line of credit option is the most feasible way to receive reverse mortgage proceeds for individuals using government healthcare coverage.

How does a Reverse Mortgage affect my government healthcare coverage?

Many of you are so scared to use Reverse mortgage in fear that it will hurt your medicaid but so I hope this flyer helps in your understanding on how you can still benefit. Its time to stop struggling and take advantage of this great program.

Posted by Caryll Miller ( Mortgage Specialist!) on 05/29/2007 12:28 PM

Comments (3)

reverse mortgage, medicaid, medicare

3 Comments on How does a Reverse Mortgage affect my government healthcare coverage?

MAY

2007

Caryll - Thank you for addressing this subject. The explanation you gave I will share with the seniors I know.

JUN

2007

Thank you very much for the good information...just curious, but how do you handle objections from the senior's kids who tell mom and dad that this is bad loan because they are only thinking of themselves since they want to inherit a home with the smallest lien. thanks!

JUN

2007

Well if they had the money to take care of there parents their would be no reason to do a reverse mortgage. So you can tell them they can support their parent by A) Paying there parents bills now or if that is not financially possible B) paying it out of there future inheritance. Because at the end of the day there concern should be with making their parent live out the reset of there lives as comfortably as possible.

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