The good news is that yes, you absolutely can. A reverse mortgage can ease the financial pressures that have recently been on your mind. Your financial and employment status do not affect the amount you can release from your home, instead we calculate a value using your age, the current interest rate, and how much your house is valued at versus how much you currently owe on it. An important thing to remember is that reverse mortgages do not require you to make monthly repayments for the lifetime of the loan. Instead, your original loan amount will be subject to fees and interest like in a traditional mortgage, but it won't be due until you sell or leave your property. You can use the equity you release from your home to pay off your existing mortgage, and then the remainder is yours to spend or save as you wish. We do require you to keep paying your property taxes and home insurance, but as you can choose to receive your money in a variety of different ways, so you can factor these small costs in to your monthly spending. To get an exact analysis of your situation, please do speak with one of AAG's reverse mortgage specialists by calling the phone number provided. If you haven't applied for our free DVD yet, then do so today, it will answer many questions and give you a great insight into the ways we can help you.

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.