Reverse mortgage
Now what the hell does that mean ?
shareIt simply means instead of YOU paying MONEY to a BANK each month for a house, the company that you chose to use PAYS YOU MONEY each month (or in a LUMP SUM), or however it is that you chose to get it.
The GIST of it is:
YOU PAY the BANK/then SOMEONE ELSE PAYS YOU (so that you're sorta like a BANK).
And if you don't have any kids to leave your home to, it's also a good way to live the rest of your life by having someone PAY YOU for your home (the same way as you've PAID a bank for it before they begin paying YOU for it).
Because once you DIE or decide to leave the house, then they also get the MONEY that they paid you for it back again (if and whenever the home is sold to someone else again).