Hello everyone!
This is vital fact to understand before involving into Reverse Mortgage that whether you will retain with your all government provided services after having reverse mortgage or not?
Reverse mortgage does not effect on your social services like medicaid or social security if you follow reverse mortgage's rules. As if anyone has issued Medicaid services and he is getting into reverse mortgage too then as much amount he will get from his reverse mortgage proceeds has to spend immediately. If he would not spend that money in given time then remaining money will be counted in his assets. Government has set $2000 for single person and $3000 for a couple as a limit, if their bank account or saving funds value exceeds from this limit then their medicaid facility will be canceled.
For safe and trustful service, contact to DFW Housing programs. They are experienced agents and let their customers know all the black and white sides of getting reverse mortgages. They clear all points to the customers so they can get into this loan without having doubts in their mind.
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