system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5 Reverse mortgages, and how they compare to normal mortgages.
gpt
The reverse mortgage is essentially selling your house to a buyer that pays you a little bit each month and you continue to live in the house until it's paid off, which is typically many years away. But the buyer is also betting that you will die well before the full payoff date in which case the terms of sale you signed gives them the entire house despite how much they paid you thus far.

This arrangement sometimes works well for older people who own their house entirely, they can get added income while continuing to live in their home, and have no plans to will their property to their family.