A line of credit is one of the options given to borrowers to receive their loan payments. You will be able to draw however much you need from this line of credit whenever you would like up to a maximum loan amount. You will only be charged interest on the amount drawn.

For more information about reverse mortgages, request a free DVD and brochure via the phone number or link provided. It contains information that will give you better insight into what reverse mortgages are and how they can help you.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.