What is a Reverse Mortgage Loan? A reverse mortgage is a powerful tool that allows seniors to access the equity in their homes without selling or making monthly mortgage payments. This option is especially helpful for seniors with limited retirement savings or unexpected expenses, as it can cover living expenses, healthcare costs, home repairs, and other necessities. With a reverse mortgage, seniors can supplement their retirement income, improve their financial situation, or unlock their home's equity for any purpose they choose. It's a valuable option that offers flexibility and financial security to seniors. How much can you borrow on a Reverse Mortgage? The amount you can borrow on a reverse mortgage depends on various factors, including your age, home value, and existing equity. A rule of thumb is that the older you are, and the more equity you have in your home, the higher the borrowing limit will be. Do you get all the money at once with a reverse mortgage?