Will a reverse mortgage impact my personal Security / Medicare advantages?

Will a reverse mortgage impact my personal Security / Medicare advantages?

Loan profits are non-taxable. The profits usually do not impact Social Security or Medicare benefits more often than not. In rare circumstances, in the event that you receive term improvements where a lot of cash is brought to you every month, then you can lose your eligibility in the event that you keep these funds in a free account beyond the end associated with 30 days for which you receive them.

Will my kids lose their inheritance?

The mortgage is paid back when the last remaining debtor moves out of the house. Generally, whenever home comes, the mortgage (including interest and any charges) is paid back and any staying equity would go to you or your heirs.