Hey there, bloggy friends. In the interest of learning new things , I have a guest post today. Sexy Nerd and I have purchased homes, but still never knew what a reverse mortgage is and how it works . Is it like selling your home but still getting to live there? Years ago, we had an elderly neighbor who refinanced her home with a reverse mortgage and we've always been curious about the details. Here's the answer: How Does a Reverse Mortgage Work? When retiring, lower income than what you are accustomed to can be a cause of stress. Just because you are retiring does not mean you need to compromise on the lifestyle that you have come to know. Although it is tempting to resort to drastic measures, such a remortgaging your house, or taking out a loan, both options come with major debt implications, and the monthly repayment expectations can be crippling. A reverse mortgage, however, is an excellent solution for those who are aged 62 and above, and can be a huge h