There are so many different mortgages out there nowadays and some are just downright confusing or even risky. The recent housing bubble crisis have created much fear in many people's mind when it comes to buying a house or if you own a house, you might have seen your house value plunge like the recent stock market. A friend of our lives in California and I can hear him screaming about his house value almost everyday. There are still reasons for hope for those who actually owns a home and are in good financial standing. There are also ways to invest that property through many different means. What about Reverse Mortgages? Reverse Mortgage is a special type of finance used to exchange the equity in a home into cash. It is a mortgage used by the elderly that provides income as long as they live in exchange. In other hand it is a loan on home equity. The lender makes regular tax-free payments to the homeowner for life. It is a mortgage over a residential property owned by a person, where repayments are not required until the property is sold. The about said are just some of the reverse mortgage facts. For those who lives in California, I invite you to check out California reverse mortgage. Find out more and see how you can benefit.