A reverse mortgage is a loan that differs from a conventional mortgage. The property equity is paid to the homeowner in payments or a lump sum and the repayment of the loan is deferred until the homeowner sells the home, passes away, or leaves. Reverse mortgages have become popular in recent years and are offered to senior citizens (at least 62 years of age.) These loans make money available to people on fixed incomes. The home owner does not make loan payments. The loan interest is deferred with the repayment of the loan and added to the lien. In the case of monthly payments to the owner, the loan amount increases each month as the payments are made. When a property value increases during the term of a reverse mortgage a second reverse mortgage is allowed to access the additional equity.