A lot of people these days are choosing reverse mortgage to pay their loans and debt. Should you opt-in for it too? For that, you must first know all the essential AARP reverse mortgage information. A reverse mortgage is a loan you take against your home property, which you don’t have to pay if you own the house. In this, you will be using your home as collateral for the loan you wish to take. Though it was originally invented to help the senior citizens who had a property and wanted to take a loan, today you will see a lot of young people drawn into this scheme. The retired crowd and a lot of people who are on the verge of their retirement are these days opting for the reverse mortgage. This is because they cannot afford to pay their bills or their loans, and keeping their house as the collateral seems to be a decent option. Read below to get proper AARP reverse mortgage information. What is the AARP reverse mortgage information you should be aware of? When a person takes a reverse mortgage, he agrees to keep the house as collateral for his loan payment. He or she must pay no money until and unless he or she owns the house.