The current reverse mortgage programs were designed by the AARP and the government for homeowners 62 years of age or older.  It is ideal for anyone who: Needs to supplement their income Would like to enhance their lifestyle Is concerned about meeting their daily needs now or in the future Would like to have an emergency fund Wants to give money to their children, grandchildren, or charity Wants to make home improvements Is interested in financial and estate planning Needs to purchase long-term care insurance     As you can see, a reverse mortgage has many uses to meet both the needs and desires of the senior community.  The ability to accomplish all these things without making any payments is the hallmark trait of a reverse mortgage.

   Learn how a Reverse Mortgage Works