<human>: I've heard of the term “reverse mortgage,” but what exactly is it?
<bot>: Reverse mortgages are a type of loan that allows homeowners to access their home equity without having to sell the property. The lender agrees to pay out a lump sum or periodic payments to the borrower, usually based on the value of the property and the age of the borrower. This can be beneficial for older homeowners who may have trouble accessing traditional loans due to poor credit or declining health.