It will depend on the amount of equity he has in the home, if he would qualify for a reverse. The reverse lender will either make a lump sum payment in cash, and there is no payment to the bank, or they will give installments or payments to you each month, kind of like a line of credit. Contact a reverse mortgage lender to see if your dad would qualify for the reverse.

go to www.reversemortgage.org you can get good info plus print up guides etc. If he qualifies for a reverse he never has to make payments as long as lives in the property. www.guidetomortgageplanning.com

Your Dad will have to wait until he reaches 62 before he can qualify for a reverse mortgage , once he is 62 then can get a loan for approximately 60 % of what the value of his home is. There are no payments if he qualifies.