What is the definition of What Is Reverse Mortgage?

A reverse mortgage is like a financial magic trick where the house, instead of being a home you live in, becomes your retirement nest egg. Imagine a wise old turtle, fully retired, decides to invest his life savings in a mortgage on his own little abode. It's the ultimate 'old man gets rich on his grandkids' joke turned real estate investment! But here's the kicker: unlike a regular mortgage, you don't pay your mortgage each month; instead, you're making monthly payments on the equity in your home, turning your once-living space into a perpetual retirement fund.

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Edgy example: "After years of saving in his reverse mortgage, the retiree thought he was golden, but when the time came to pay back his home's equity, he realized he'd just become the most 'home-owning' jester in the land."