Are There Restrictions on what I do with the Money?

Reverse Mortgage FAQ >>> Are there Restrictions on What I can do with the Money?

A Reverse Mortgage lays no restrictions on the choice of the homeowner on how to use the funds; the borrower is free to use the mortgage proceeds as they wish.

If you need it for necessities or to pay off debt, you are free to do so. If you desire to use the money for a business opportunity that comes into your life, you are free to use the money in that way.