With investment portfolios taking a major hit from the COVID-19 pandemic, many are seeking alternative sources of income. Retirees, in particular, who count on investment income to pay the bills are reluctant to sell any of their portfolio at this time. As long as they don’t sell, they won’t “lose” anything. But that means they are stuck with little to no income. One option retirees are turning to is a reverse mortgage. New applications for home equity conversion mortgages, the most common reverse mortgage, were up 15% in March and 50% year-over-year.