A Reverse Mortgage is a mortgage placed in first position on a home but instead of the borrower making a payment, the lender pays the borrower. Reverse mortgages are given based upon the age of the borrower (who must be at least 62 years old) and the equity in the home. No monthly payments are made by the borrower until they leave the home on a permanent basis, or sell the home. (Visit www. reversemortgagechoices.com for more specific information).