Reverse mortgages can help with financial security during retirement, but they come with conditions that borrowers should plan for. Getty Images/iStockphoto

Retirement looks a lot different right now than it did for previous generations. While it was common at one point to arrive at your golden years with a robust pension, a paid-off home and enough savings to comfortably cover your expenses, today's retirees face a more complicated financial landscape . Home values have climbed dramatically over the past few decades, but so have the costs of nearly everything else. As a result, many older Americans find themselves sitting on substantial home equity but struggling with monthly expenses, healthcare costs or unexpected financial challenges.

That's where the reverse mortgage ,

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