What Is a Reverse Mortgage?

Unlike a traditional mortgage, instead of making payments to your lender, you get paid.
What Is a Reverse Mortgage?
A reverse mortgage allows homeowners who meet age requirements to borrow against your home’s equity. Dreamstime/TNS
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By Lena Borrelli Bankrate.com

A reverse mortgage allows homeowners who meet age requirements to borrow against your home’s equity—and the loan doesn’t come due as long as you stay in the home. Unlike a traditional mortgage, instead of making payments to your lender, you get paid.