Reverse Mortgage: A loan on home equity. The lender makes regular tax-free payments to the homeowner for life.

A special type of loan available to equity-rich, older owners. Repayment is not necessary until the borrower sells the property or moves into a retirement community.

A special type of loan used to convert the equity in a home into cash. The money obtained through a reverse mortgage is usually used to provide seniors with financial security in their retirement years

this mortgage lets an owner convert home equity into cash; unlike a traditional home equity loan or second mortgage, however, no repayment is required with a reverse mortgage until the borrower no longer uses the home as a primary residence. ...

essentially a home owner signs over the ownership of the real estate to the lender in return for a stream of payments

Money borrowed by senior citizens using their home as collateral. This loan has to be repaid from the proceeds of the estate when the owner dies.

A facility aimed predominantly at retired people to provide either an ongoing income or a lump sum. The loan is taken against equity in the home, and no repayments are required, but interest will capitalize on the loan.

A loan giving a senior homeowner the ability to change home equity into cash. Usually no payments are due until the senior moves, passes away, or the home is sold. The loan is due when the senior dies, moves, or sells. The final payment is calculated to not exceed the home's selling price.

A loan to home owners age 62 or older that allows them to borrow against the equity in their home, assuming they occupy the home as their principal residence for the majority of the year. ...

Rather than paying into a mortgage, certain qualified homeowners can tap into their equity for retirement support using a reverse mortgage.

All of these are great answers!