Reverse Mortgage

I’m curious as to what a reverse mortgage is and how do people keep their home after

We are making financial decisions for our mother and find that a "Reverse Mortgage" will be best for her. We have contacted a company that advertises on TV and so far they are easy to understand and helpful. We’d like to know if there is a wide range of programs or are they essentially all the same?

I am considering working for a reverse mortgage company in the IT field but was not sure if the history of Reverse Mortgage was a stable work environment. Does anyone have any ideas, I have researched the company and they seem very well balanced with great benefits and they treat their employees well. Just wanted to know if anyone has any experiences in this field.

My grandparents are in need for a loan. I heard about reverse mortgage from a friend. Can anyone give me more info?

I’m sorry I should have been more clear. The owner has passed away. The executor is looking for options. I believe they have an extension but I’m not sure how long. I guess I’m just wondering if there are any new laws that would apply to reverse mortgages. I’ve looked online and couldn’t find any. thanks for the help
Thank you all for the info.
MRA – Thank you so much for the additional information. I will pass it along to my New York family.

I am 63, house is upside down and have a tax lien on my home. Would this disqualify me?

My husband who is 64 is in bad health. I am 53 and disabled. Should we do a Reverse Mortgage to live a little while we can?

I know i can get the loan for the amount but I’ve been reading about purchasing a house you need a down payment – does this apply on reverse mortgage payments?

and what would cause you to lose your home from having a reverse mortgage? ty

I heard when you die, the bank keeps your house and then you can’t leave it to your family.