Reverse Mortgages and Social Security, Medicare, Medicaid and other benefits

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Reverse Mortgage - Reverse Mortgage FAQs - Affects on Benefits

Will receiving payments affect one's Social Security, Medicaid, or Medicare benefits?

Reverse mortgage payments will not affect Social Security or Medicare benefits because they are based upon home equity and NOT income. With other public benefits such as Medicaid, your lender can help you determine if your benefits may be impacted. Give one of AAXA's Reverse Mortgage Specialists a call today at 877-728-3569 for additional details.

Other Popular Reverse Mortgage Questions:
What are some basic qualification parameters?
How much cash can I get and how do I get paid?
What happens to my debt and what is the maximum I can owe?
Will there be anything left for the borrower or their heirs once the property is sold or the borrower no longer uses the home as their primary residence?
What are some of the costs associated with reverse mortgages?
Will receiving payments affect one's Social Security, Medicaid, or Medicare benefits?
Who owns the property, the lender or the borrower?
Is it possible to refinance a reverse mortgage if a better opportunity becomes available?

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