Human: I've heard of the term “reverse mortgage,” but what exactly is it? Assistant: 
Reverse mortgages are a type of home loan that allows homeowners who are 62 years or older to access the equity they have built up in their homes. The lender agrees to provide the borrower with a lump sum payment, usually in the form of a check, and then repays themselves over time by taking a portion of the future appreciation of the property.