Meaning Of The Word Reverse mortgage
What's the definition of Reverse mortgage? Find Reverse mortgage meanings, definitions and more at the Real Dictionary online.
Reverse mortgage Meaning
| Reverse mortgage Definition |
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What's The Definition Of Reverse mortgage?
reverse mortgage in American English
a loan typically given to an older person who owns a house, usually disbursed in monthly installments, and charged against the homeowner's equity noun noun: A reverse mortgage is a mortgage on a paid-off property that provides money to an older retired person, to be paid back when the property is sold or when the person dies. |
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