What is the difference between a home reverse mortgage and a conventional mortgage?

For a conventional loan or a home equity loan, you have to fulfill some conditions of the lending company such as a credit score of a certain standard as well as enough monthly income for you to be able to get a loan payment or else the interest rate on your loan will increase along with the lending company's standards. You have to make monthly payments and if you forget to make the payments or are unable to make the payments on time for a while, you risk losing your home. This is not the case with a home reverse mortgage, as long as you are still living in your house, the home reverse mortgage will pay you as per your requirement.