Retirement Answers / Reverse Mortgages / Guaranteeing Income / I need income to supplement

Answers

  • Raymond Denton

    Raymond Denton
    Reverse Mortgage Specialist

    Santa Ana, CA
    Not yet rated:  

  • If you home appraised for $320,000.00, a Reverse Mortgage would provide you with a monthly check of $1,068.09, which is a nice supplement. And that amount isn't taxable, and doesn't impact Social Security benefits.

  • Login to rate this answer:   Answered on 3/9/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.