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- Put the Gold in Your Golden Years! For seniors who were hit hard by the recession in what were supposed to be their prime earning years, retirement isn’t all cruises and Cadillacs. Insufficient retirement income can cause folks to neglect their health, become isolated from family and friends, and deprive themselves of culture and recreation. If you’re experiencing these or other cash flow problems, a reverse mortgage may be able to help. What Is a Reverse Mortgage? A reverse mortgage is simply a loan program that allows you to trade some of your home equity for cash -- similar to a home equity loan or line of credit. What's different about reverse mortgages is that as long as the borrower continues to live in the house, repayment is not required on the loan, but you still have to pay taxes and insurance.