Rather than sell a vacation home could you just take out the equity and then get a reverse mortgage?

Obviously it would have to be declared a primary residence by one means or another. But rather than selling a property and never being able to use it again could you really take the equity which in effect is selling it and still live in it until death?
Added (1). Basically is there a trick to using a reverse mortgage to keep a home and also draw equity from the home so in effect you get cash from the house and get to use it till death. My grandpop is about to give us a house and my dad said an option about a reverse mortgage and still getting money. I didn't understand. The house is paid off in full

Read more: Rather than sell a vacation home could you just take out the equity and then get a reverse mortgage?