A reverse mortgage is a loan that allows you to get money from your home equity without having to sell your home. This is sometimes called "equity release". You may be able to borrow up to a certain percentage of the current value of your home.
After all, they claim, you can borrow for college but you can't borrow for retirement .. A reverse mortgage is like a home equity loan or home equity line of credit, but the lender pays you. How much money can you get?