Will I Lose My Social Security And Medicare If I Get A Reverse Mortgage?

One of the most common questions we get from folks seeking a reverse mortgage is will I lose my government benefits if I take out a reverse mortgage? Will I lose my Social Security? Will I lose my Medicare?

These are very, very important questions to consider when you’re looking at a reverse mortgage. And the answer is no. When you take out a reverse mortgage, it does not cancel your Social Security or make you ineligible for Medicare. Those benefits are separate from the reverse mortgage, and obtaining a reverse mortgage does not affect your eligibility.

If you have any questions about that or anything else with reverse mortgages, give me a call, that’s why I’m here. 303-670-0137 or baxterteam@fairwaymc.com