Reverse mortgage loans provide homeowners with not only home security, but financial security as well. With no monthly payments and the added incentive of much needed cash for future investments, this mortgage plan is becoming a popular tool for home owners. However, before considering this financial option, the homeowner should know all the positives ...as well as some disadvantages. Reverse Mortgage Advantages The most well noted benefit of a reverse mortgage loan is the lack of a monthly payment obligation. An individual does not have to pay back this mortgage loan as long as he or she remains living at the current residence. Reverse mortgages provide the homeowner with money which can be used for other investments. These mortgage loans allow the homeowner to turn his or her home into cash and receive endless funds to increase income. Another advantage gives the homeowner the liberty to decide on the type of mortgage reimbursement plan. An individual may choose to receive the money ...