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
Recent Examples on the Web
Court and property records show Nassar was facing eviction after defaulting on a reverse mortgage.
—
Violet Ikonomova, Freep.com, 8 July 2025
Types of loans Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, renovation, refinancing, reverse mortgages, home equity loans
Terms
10 to 30 years
Credit needed
540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans.
—Kelsey Neubauer, CNBC, 29 June 2025
In situations involving reverse mortgages, in which borrowers extract equity from their properties, federal rules mandate that borrowers meet with an independent housing counselor for a full explanation of what is involved.
—Lew Sichelman, Miami Herald, 14 Jan. 2025
In addition, the proprietary Longbridge Platinum mortgage is only available in 24 states,
Longbridge reverse mortgage FAQs
Is Longbridge a good reverse mortgage company?
—Kelsey Neubauer, CNBC, 20 May 2025
See All Example Sentences for reverse mortgage
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Violet Ikonomova, Freep.com, 8 July 2025
Types of loans Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, renovation, refinancing, reverse mortgages, home equity loans
Terms
10 to 30 years
Credit needed
540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans.
—Kelsey Neubauer, CNBC, 29 June 2025
In situations involving reverse mortgages, in which borrowers extract equity from their properties, federal rules mandate that borrowers meet with an independent housing counselor for a full explanation of what is involved.
—Lew Sichelman, Miami Herald, 14 Jan. 2025
In addition, the proprietary Longbridge Platinum mortgage is only available in 24 states,
Longbridge reverse mortgage FAQs
Is Longbridge a good reverse mortgage company?
—Kelsey Neubauer, CNBC, 20 May 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 28 Jul. 2025.
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