Business Hours: Mon-Fri: 8AM – 6PM Description: A reverse mortgage is a loan that allows homeowners over the age of 62 to be able to convert a portion of their home equity into monthly payments or cash. Reverse mortgages can be extremely appealing to individuals who may need or want to supplement retirement funds. The reverse mortgage loan balance is not due until the borrower moves out of the home, fails to pay taxes or insurance, neglects to maintain the home, or passes away. If the borrower passes, a spouse, next of kin, executor or... read full review »