What happens if my property needs repairs during reverse mortgage?

What happens if I have to get repairs on my home during reverse mortgage? Does this cause any problems?
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American Advisors Group | Robyn Perry
"When we loan you money in a reverse mortgage, one of the requirements we ask of you is to keep your property in a good state of repair. If your home does need some work, then we don't set any boundaries to what you can do. This is better for your quality of life, better for your reverse mortgage and better for your property value! If you want to discuss this some more, then call in to speak with one of the team here, we're always happy to clarify any points like this.

If you're looking for more information about reverse mortgages, feel free to request a free educational DVD from the website too. When you watch it, you'll find it will help you to make an educated decision about your future. "

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.
Replied: 10/21/2010

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