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Will Reverse Mortgages Affect Anything?
Friday, August 22, 2008Reverse mortgage payments do not affect Social Security or Medicare benefits because those benefits are not based on the assets of the borrower. However in certain programs, beneficiaries must keep their liquid assets under certain limits. Generally, if the proceeds from the reverse mortgage are not spent in the month received, then these funds are considered part of the liquid assets and may adve...
Original article from http://www.blogsinrealestate.com/2008/08/22/will-reverse-mortgages-affect-anything/
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