"If you move into an assisted living property yet do not sell your property, then nothing would change for the first 12 months. After these 12 months, your reverse mortgage will become due as you no longer use the property as your principal residence. We will work together with you and your family to discuss the best options for your situation. If you wish to sell, you will pay us back the original loan amount plus interest and fees. If your family chooses to keep the home, then they have the option to find a way to pay back your reverse mortgage, and they can keep the property. All remaining equity from your home will be passed to you and your family, and you may spend or invest this capital however you wish.

We have a great team on hand to answer any queries you have about reverse mortgages and the positive impact they can have on your life, so give them a call on the number provided. If you'd like to receive a copy of our free educational DVD, simply fill in your details and we'll send you one in the mail. "

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.