The Reverse Mortgage Purchase Option This link goes takes you to a 2 page document that discusses briefly using a Reverse Mortgage to purchase a property. Often seniors (those 62 and over) will consider placing a Reverse Mortgage on their home for a multitude of reasons, many of which are the same if you use the Reverse Mortgage to "Purchase" a home. Click on the link above … [Read more...] about Reverse Mortgages – Dream Loan or Equity Pit?