In a world where economic times are getting harder with every passing day, retirement benefits are hardly enough to meet daily living expenses. When long-term medical care costs are added to this, retirees have a difficult time meeting these needs. Reverse mortgage is a financial product that was developed to allow homeowners aged 62 and above to convert the accumulated equity in their home into cash. In this way, they can use such extra income in meeting their monthly expenses as well as pay for long-term health care in case they need it. Unlike traditional loans where the borrower has to pay the lender in regular installments, reverse mortgages involve the lender making payments to the borrower under a structure that the borrower deems to be suitable for them. The top three reverse mortgage lenders are Finance of America Reverse, Live Well Financial and Liberty Home Equity Solutions. Keep reading to learn the top questions about reverse mortgages, so you can find the option that works best for your needs.