You "sell" your house and hold the mortgage....simple as that, except there are the following caviats! You get to live in that house for as long as you live, if you die before it is paid out, your heirs recieve the money. It is truely a great deal for those strapped for cash, and fully own their homes. And of course you do not recieve the full amount the home is worth, but the trade off is worth it to many,. If you fully own your home, to not pull money from it is strange, for you are simply making someone else's life (heirs) better...why bother..they have their own lives, just as you did. No one gave me anything on this journey. All that I have, I did myself in one way or another, and I will inherit nothing in the future. Were I in that position, I would run a reverse in a second.! Unfortunately, they are hard to get today because of the uncertainty in the housing industry.