How do I Receive My Money?

Reverse Mortgage FAQ, >>> How do I receive my Money?

There are 5 options:

• Tenure - equal monthly payments as long as at least one of the borrowers is alive and occupies the property.
• Line of Credit - unscheduled payments or in installments, time and amount of payments are the borrower's choosing until the credit is exhausted.
• Term - Fixed period of months selected and equal monthly payments for a fixed period.
• A Line of Credit - unscheduled payments or in installments, amounts and times of borrower's choosing until credit is exhausted.
• Modified Tenure - combination of line of credit with monthly payments.
• Modified Term - combination of line of credit with monthly payments for a fixed period of months.