You’ve worked hard to maintain and pay for your house, and now that your mortgage is paid off you can now borrow against the equity you invested into homeownership. A reverse mortgage allows you to take out a long without any sort of income, employment, or credit requirements, and some loans do not even require monthly payments. Reverse mortgages can be a great way to straighten out your finances and temporarily supplement your income, but understanding all the nuances can be complicated and actually applying for a loan might seem daunting. Thankfully, Long Island has plenty of reverse mortgage experts who can help guide you through the process of applying for a loan and making subsequent payments.