Loan proceeds are not considered income and will not affect Social Security or Medicare benefits, because these programs are not based on need.
However, your monthly Reverse Mortgage advances may affect your eligibility for some other programs. Consult your local program offices to determine how, or if, monthly Reverse Mortgage payments might affect your specific situation.
Reverse Mortgage Man
(866) 800-0280
http://www.moneywise123.com/
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