The Reverse Mortgage Leaders in Brevard and Central Florida. Call us today for a no obligations conversation about your options. There are many types of mortgage programs available. A reverse mortgage (known as lifetime mortgage in the United Kingdom) is a loan available to seniors (62 and over in the United States), and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner's obligation to repay the loan is deferred until the owner dies, the home is sold, or the owner leaves (e.g., into aged care).