After years of making mortgage payments some retirees are nor getting payments back from their homes. Reverse mortgages have been a possible part of retirement planning for many years. They are a way for retirees to use equity in their home as a source of income payments. The plans have often functioned in the form of an annuity with fixed monthly payments for the life of the reverse mortgage agreement or with a fixed sum payout at the closing. Various options for the structure of reverse mortgages – some are discussed below. There are some, however, for whom the reverse mortage option is simply not viable. The reason for that has to do with the recent housing bubble and the ensuing collapse.