Reverse mortgage

Type: Concept

As of November 2026, Reverse mortgage has been mentioned in one podcast episode on The Ramsey Show (Nov 2026). Discussed as a potential but warned-against option for elderly callers; described as expensive and effectively adding debt.

A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes or homeowner's insurance. Reverse mortgages allow older people to immediately access the equity they have built up in their homes, and defer payment of the loan until they die, sell,