A reverse mortgage is a government-insured program that allows you to exchange a portion of your home’s equity for cash. It is called a reverse mortgage because instead of you paying mortgage payments, the lender will be making cash payments to you. To be eligible for a reverse mortgage, you and your spouse must be at 62 years of age. You also must be using your property as your primary residence, and your property must be an FHA-approved property such as a single family home, a 2-4 unit home, or a HUD-approved condominium. We are here to answer all of your questions and help you start applying for a reverse mortgage today.