The reverse mortgage information can now be easily search online and read on different sites. When you reach 62 years ols and older you can now be able to have the reverse mortgages loans. A loan which is allowed for senior citizens or those who reach the age of 62. A mortgage in which a homeowner, usually an elderly, 62 or older, or retired person, which borrows money in the form of annual payments which are charged against the equity of the home. When we say reverse mortgage it is a type of mortgage where homeowners can borrow money against the value of their home. No repayment of the mortgage (principal or interest) is required of the borrower(s) until the borrowers are deceased or the home is sold. After accounting for the initial mortgage amount, the rate at which interest accrues, the length of the loan and rate of home price appreciation, the transaction is structured so that the loan amount will not exceed the value of the home over the life of the loan.A mortgage in which a homeowner, usually an elderly or retired person, borrows money in the form of annual payments which are charged against the equity of the home.A type of mortgage where homeowners can borrow money against the value of their home. No repayment of the mortgage (principal or interest) is required of the borrower(s) until the borrowers are deceased or the home is sold. After accounting for the initial mortgage amount, the rate at which interest accrues, the length of the loan and rate of home price appreciation, the transaction is structured so that the loan amount will not exceed the value of the home over the life of the loan. Use the reverse mortgage calculator as you asked for the service. Often, the lender will require that there can be no other liens against the home. Any existing liens must be paid-off through the proceeds of the reverse mortgages.