Obtaining a Reverse mortgage is increasing in popularity with individuals 62 years of age or older can use to turn the equity in their home into cash. It is very important for an individual to understand a reverse mortgage, their ramifications, and the alternatives. Our site will provide an overview of how to obtain a reverse mortgage. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage or HECM, and is only available through an FHA approved lender.