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Effects on Benefits

Will receiving payments affect one’s Social Security, Medicaid, or Medicare benefits?

Reverse mortgage payments will likely not affect Social Security or Medicare benefits* because they are based upon home equity and NOT income. With other public benefits such as Medicaid, your lender can help you determine if your benefits may be impacted.

*Please keep in mind that mortgage guidelines can and do periodically change. Thus, the information on this web site may be out-dated. Please check with a reverse mortgage professional for current guidelines.

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Learn more about how people are using home equity conversion mortgages for purchasing homes:

Please keep in mind that the reverse mortgage industry is constantly changing and some of the information contained on this site may not be current. Please ask a licensed reverse mortgage professional for up-to-date guidelines.