Reverse Mortgage Disbursements
Disbursements are payments made by the reverse mortgage lender to you, the borrower. Your funds can be disbursed in many different ways depending on the type of reverse mortgage you choose and the lender in question. For instance, you could choose to have your funds paid in regular monthly installments, or as a line of credit. You could also choose a combination of different disbursement methods if you prefer. However, if you choose a fixed rate reverse mortgage, your only disbursement method is as a lump sum payment.