reverse mortgage

Examples from the web for reverse mortgage
  • If you're attached to where you live, you can get a reverse mortgage.
  • Under a term reverse mortgage, the borrower is provided with income for a specified period.
  • Sales of insurance products in connection with reverse mortgage loan transactions.
Contemporary definitions for reverse mortgage
noun

a type of loan, esp. for a retired or elderly persons, in which tax-free payments are borrowed from and up to the full equity in a home; also called reverse annuity mortgage , [home equity conversion mortgage]

Word Origin

1977-82