Meaning Of The Word Reverse mortgage

Real Dictionary

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
Reverse mortgage Definition

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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