Will my pension be affected?
Is there any likelihood that my pension will be affected if I seek reverse mortgage? Thanks.
American Advisors Group | Robyn Perry
Typically a pension would not be affected by getting a reverse mortgage, however we always suggest that you contact your advocate within the organization in question make sure and discuss it if it will be a problem for you. Because pensions are often the only source of income for many seniors, the reverse mortgage was designed to supplement this income and help seniors live a more comfortable life.
If you have concerns about how your current benefits will be affected, feel free to call one of our Professionals at AAG. We have professionals licensed in your state who can give you specifics about both state and federal benefits and how the reverse mortgage program can fit with them.
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: 8/27/2010
If you have concerns about how your current benefits will be affected, feel free to call one of our Professionals at AAG. We have professionals licensed in your state who can give you specifics about both state and federal benefits and how the reverse mortgage program can fit with them.
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.
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- Is there a set maturity date on the reverse mortgage?
- How will my reverse mortgage affect my eligibilty for other types of loans?
- Can I start paying off my reverse mortgage now?
- Do my property taxes differ with a reverse mortgage?
- Does the bank own my home after I sign up for a reverse mortgage?
- How do I apply for a reverse mortgage?
- How do I designate who will receive my reverse mortgage debt?
- Can I get a reverse mortgage if I have a part time job?
- Which reverse mortgage will cost me less?
- What are the pros and cons to a reverse mortgage?
- How do I know if I qualify for a jumbo reverse mortgage?
- What are the out of pocket expenses of a reverse mortgage?
- Would it be practical for me to get a reverse mortgage if I need financing for a short amount of time?
- Am I going to have to pay back my reverse mortgage if I choose to sell my home?
- What happens if my loan balance on my reverse mortgage is greater than my house value?
- How many lenders should I talk to before getting a reverse mortgage?
- What bills will I still be required to pay if I sign up for a reverse mortgage?
- What is the timeline and requirements I have to follow if I want to cancel a reverse mortgage?
- How long will I have to sign the paperwork once I get approved for a reverse mortgage?


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