Is a reverse mortgage right for you? Companies are advertising reverse mortgages in newspapers and on TV as a way for seniors to exchange the equity in their home for cash in their pocket now. CLICK HERE to read our Reverse Mortgage Fact sheet. The homeowner can get cash in a lump payment or in monthly installments based upon the value of the property, the age of the borrower and the interest rate on the loan. The money doesn’t have to be repaid until the senior stops living in the home. If this sounds too good to be true, if often is.Read more HERE.