Receive tax-free Reverse Mortgage proceeds in several ways: 

•  Lump sum at closing - pay off mortgage debt, purchase a car, home improvements, whatever you want
•  Equal monthly payments as long as borrower remains in  their  home or for a specific period of time - this money is considered loan proceeds - it is NOT taxable income
•  A line of credit to be drawn upon as needed  - receive money within five business days of request - pay taxes or go on vacation
•  Combination of all of the above - customize to borrower's needs and enjoy your retirement

Payment plans may be modified after closing by contacting the lender and reviewing the various options available.