QUESTION:

SSI and Reverse Mortgage

Will Reverse Mortgage affect SSI?
asked by char1964, 5/5/2008
Categories: Retired, Social Security
ANSWERS:
Answered by: Editorial, 05/06/08
Overall Rating: Be the first to rate it.

Social Security and Medicare are not impacted by a Reverse Mortgage.

However, beware if you are eligible for government low-income assistance.

If you are currently or will be eligible to receive low-income assistance from the Federal or State government (like Medicaid), you will want to be careful that income from a reverse mortgage does not disqualify you from that assistance.

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