Which loan does not require the borrower to pay back during their lifetime?

In a reverse mortgage loan, the borrower is not required to pay back the loan during their lifetime. Reverse mortgage is a type of loan available to elderly homeowners where they can convert a portion of the equity in their home into loan funds. The loan is typically repaid when the borrower permanently moves out of the home, passes away, or sells the property. Until then, the borrower does not make any monthly mortgage payments. Instead, the loan balance increases over time as interest and fees accumulate. The loan is usually repaid from the proceeds of the sale of the home.