But instead of making regular loan payments, a reverse mortgage is designed to be paid off once you no longer live in the home. (mortgageloan.com)
First, a traditional mortgage helps a borrower purchase or refinance a home by making regular loan payments. (reversemortgages.com)
However, if you want or need equity from your home, are not willing to relocate to a smaller home, don't want to or are unable to face regular loan payments, and... (newretirement.com)