You can either apply for a revolving line of credit (home equity line of credit) or a one - time lump sum loan using your home equity as collateral. (loans.net)
You also may want to explore borrowing from credit lines that do not use your home as collateral. (mortgage-x.com)
The reverse mortgage is not due until the last surviving spouse dies, or sells the home, or doesn't use the home for 365 consecutive days. (nowitcounts.com)