Reverse Mortgages are for homeowners age 62 and above (60 in some cases). Equity can be taken from your home without selling it and no repayment is ever made as long as you are still living in the house! There are no credit requirements and your current mortgage is paid off in full automatically! Most of these programs are insured by U.S. Gov't (FHA). Proceeds (equity) may be used however you see fit.  Some common uses of a Reverse Mortgage are to payoff the current mortgage, use as retirement income, finance long term care, make home repairs, take a vacation, or avoid foreclosure. Please call 205-678-9542  or email for more information. s.s.underwood@americanreverse.com  website. www.americanreverse.com.