One way of supporting yourself during your retirement years is to take out a reverse mortgage.
* reverse mortgage: 주택연금, 역모기지
* support oneself: 스스로를 경제적으로 부양하다.
ex> I took on part-time jobs to support myself through college.
* take out a loan: 대출을 받다.
The money they borrow will eventually be paid off with their home property.
* pay off: ~을 갚다, 청산하다.
ex> It took me several years to pay off my student loan.
If the house sells for more than the loaned amount, the family of the dead will receive the leftover money.
* leftover money: 남는 금액, 차액
ex> What do you want to do with the leftover money?
The concept of reverse mortgages hasn't really caught on in Korea.
* catch on: 보편화되다, 유행하다.
ex> Smart phones have really caught on all over the world.
ex> This design will surely catch on splendidly with young people.
This stems from the fact that it's common for parents to pass down a house to their children.
* pass down: 물려주다.
ex> The custom was passed down from our ancestors.
@ Can you scoot over a bit? 옆으로 조금만 비켜 볼래?
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