The value of a home can be turned into cash without having to leave the home or repay the loan every month. A reverse mortgage is a loan against the home in which the homeowner(s) does not have to pay as long as they live in that house. The loan amount can be paid to the homeowner in different ways:
* A single lump sum
* A regular monthly amount
* An account that lets the homeowner(s) decide when and how much of the available amount is paid to them
* A combination of the above methods
