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

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

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

 

Leave a Comment





About Us

Thanks for visiting Fairway Independent Mortgage Corp.. Local expertise and broad real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources offered here.

Please consider this website as your online source for mortgage, real estate, and local community information. Be sure to return often for the latest property listing updates. READ MORE

Fairway Independent Mortgage Corp.

(303) 670-0137
165 S. Union Blvd
Lakewood, CO 80228

Fairway Independent Mortgage Corp. NMLS# 2289
Texas Recovery Fund Notice
Richard Baxter NMLS #395819, CO License #100034412
FIMC #2289
For licensing information, go to: www.nmlsconsumeraccess.org
EHO