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How can I use the funds from my Reverse Mortgage?
There are no restrictions on how you utilize your funds. 
Here are some examples:

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Create monthly cash advance for as long as you live in the property.

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Pay for home improvements or home repairs

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Pay of existing high interest debt

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Pay for health care and prescription drugs

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Use tax-free dollars to avoid drawing down taxable or higher earning retirements funds

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Fund long-term healthcare premiums or life insurance

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Pay taxes

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Buy a boat, RV or second home

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Buy retanl property or pay off existing rental properties

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Assist children or grandchildren with home purchase or college expenses

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Travel

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Annual gift to family to avoid estate taxes

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Anything you want!

 

       
       
We're happy to answer your questions. 
Contact us at 970-204-4509 or email us at  loans@pinnaclema.com