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Reverse
Home Mortgages - Reverse
Mortgage FAQs
Frequently Asked Questions about Reverse Mortgages
You can use the following information to learn more about reverse mortgages,
their associated costs and benefits, and to better analyze
whether a reverse mortgage program may be the right
financial tool for you and your family. Please keep
in mind that AAXA does not charge a consultation fee
so please do not hesitate to contact us with any questions
- 877-728-3569.
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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