reverse mortgage
noun
: a mortgage that allows an elderly person to convert home equity into available funds through a line of credit, cash advance, or periodic disbursements to be repaid with interest usually when the borrower dies, moves, or sells the home
Examples of reverse mortgage in a Sentence
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Look into a Reverse Mortgage Ginni Field, a San Diego-area real estate agent with an SRES (senior real estate specialist) designation, is a big fan of reverse mortgages for allowing seniors to age in place.
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Berit Thorkelson, Better Homes & Gardens, 16 Apr. 2025
Can Social Security recipients get a reverse mortgage?
—Aimee Picchi, CBS News, 26 Mar. 2025
In addition, one key benefit of reverse mortgages is that monthly payments aren’t required.
—Mallika Mitra, Sacramento Bee, 26 Feb. 2025
One difference between reverse mortgages and other loans that use your home equity as collateral is that many reverse mortgage lenders have no minimum income or credit score requirements.
—Mallika Mitra, Sacramento Bee, 26 Feb. 2025
See All Example Sentences for reverse mortgage
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Berit Thorkelson, Better Homes & Gardens, 16 Apr. 2025
Can Social Security recipients get a reverse mortgage?
—Aimee Picchi, CBS News, 26 Mar. 2025
In addition, one key benefit of reverse mortgages is that monthly payments aren’t required.
—Mallika Mitra, Sacramento Bee, 26 Feb. 2025
One difference between reverse mortgages and other loans that use your home equity as collateral is that many reverse mortgage lenders have no minimum income or credit score requirements.
—Mallika Mitra, Sacramento Bee, 26 Feb. 2025
See All Example Sentences for reverse mortgage
Cite this Entry
“Reverse mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reverse%20mortgage. Accessed 24 Apr. 2025.
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