Social Security and Medicaid
|
Will
I lose my benefits? |
 |
Vancouver, WA
Headquarters
360.944-9004
Toll Free
877.944.9004
Branch
Offices
Anacortes
360.588.9728
Spokane
509.475.0154 |
Will
this interfere with my Medicaid or Social Security payments?
Since
this is considered a loan it shouldn’t interfere with these other
benefits, particularly if monies are spent and not accumulated.
However,
each individual’s situation is different and it is recommended you check with
your Accountant or Financial Advisor for specifics on your individual situation.
You’ve
mentioned these loans are government backed. How is the government
involved with these loans?
Most
Reverse Mortgages are FHA insured. In order to obtain a Reverse Mortgage, FHA
also requires you to meet with an independent, government, sponsored counselor
prior to making your decision.
For
a no-obligation, no-cost consultation with a loan specialist: Contact
us at info@seniorlifesolutions.net
for more information. |
