Prior to getting a reverse mortgage, it is important to consider the impact it would have on your ssd. A reverse mortgage may, in certain circumstances, impact your ability to receive ssd. You should call your local SS office to determine if it will to be certain.
That being said, you can also look into other items items available for low income. Depending on your age and other factors, you can get reduced tax bills and receive other state or federal aid. Are you over 62? If so, considering a reverse mortgage is a good thing to do. One great thing about the reverse mortgage process is that there is a Benefits Checkup provided by a HUD trained counselor that will be knowledgeable about all the state and federal aid available to you.
Good luck, and I hope you found this helpful.... more