What can I do with the money from my reverse mortgage?

You can do what ever you like with the money from your reverse. Some people want all the cash available after the closing. That is the lump sum option. Other people want a monthly check in their mail box. You an get a set amount for the rest of you life (called tenure) or a check sent every month for a certain amount of time. (that is known as term) Another option is a ine of credit to use when you like. David Viox can also design your reverse mortgage with a combination of all three.