Will my social security be get hampered if I opt for a reverse Mortgage?

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Will my social security be get hampered if I opt for a reverse Mortgage?

Is there any bad effect of reverse mortgage on my social security?

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Anonymous
25-02-2014

1 Answers

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No, a reverse mortgage doesn't have any bad impact on your SS. As a matter of fact, a reverse mortgage doesn't affect "non-means tested" federal government benefits like Social Security. However, on the other hand, this kind of loan may affect "means-tested" programs like Medicaid as these programs test to check how much financial resources you have at your disposal.

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ashleyspeaks86 | Asked on 2014-02-25

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