The simplest way to begin to understand the concept of a Reverse Mortgage is to eliminate the modifier from its name.

What if your credit line disappears right when you need it, like during a crash in housing prices? And how do you handle the payment shock?

...if you were previously denied a reverse mortgage because your existing mortgage balance was too high, you may now be able to qualify...

There is no getting around the fact that a reverse mortgage (HECM) can be an expensive loan.