Unlike regular mortgages, a reverse mortgage has a very specific demographic that it is targeting. In most cases, the person taking out the reverse mortgage has to be over the age of 62. This narrows down the potential participants by quite a way. Further to this, it is suggested that you have a good reason for wanting to take out a reverse mortgage. In these bad financial times, there are a plethora of reasons why someone might want extra money to fund their retirement years. The stock market crash has affected many pension funds and gilt rates, along with interest rates on savings. It is for these reasons that a lot of people are turning their attention to the reverse mortgage industry.