A Reverse Mortgage is a type of loan that allows homeowners ages 62 and older, typically ones who've paid off their mortgage, to borrow part of their home's equity as tax-free income. Unlike traditional mortgages, where borrowers make monthly payments to the lender, a reverse mortgage allows homeowners to convert a portion of their home equity into tax-free cash. The key feature is that it doesn't require monthly installments. Reverse Mortgage loan help senior citizens to cover healthcare expenses, or finance home improvements. However, it's essential to carefully consider the terms, fees, and potential impacts on inheritance and consult with a financial advisor before committing to a reverse mortgage. Visit our website for more information!