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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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.
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Mallika Mitra, Sacramento Bee, 26 Feb. 2025
The company highlighted its strategic shift towards a unified modern retirement solutions platform, exiting multiple business lines and focusing on reverse mortgage loans.
—Quartz Intelligence Newsroom, Quartz, 14 Mar. 2025
Like any financial product, reverse mortgages certainly come with pros and cons.
—Mallika Mitra, Sacramento Bee, 26 Feb. 2025
Drysdale said Moody’s office has talented lawyers, but its leaders haven’t done anything to protect Floridians from predatory home loans or reverse mortgages.
—Lawrence Mower, Miami Herald, 16 Jan. 2025
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Mallika Mitra, Sacramento Bee, 26 Feb. 2025
The company highlighted its strategic shift towards a unified modern retirement solutions platform, exiting multiple business lines and focusing on reverse mortgage loans.
—Quartz Intelligence Newsroom, Quartz, 14 Mar. 2025
Like any financial product, reverse mortgages certainly come with pros and cons.
—Mallika Mitra, Sacramento Bee, 26 Feb. 2025
Drysdale said Moody’s office has talented lawyers, but its leaders haven’t done anything to protect Floridians from predatory home loans or reverse mortgages.
—Lawrence Mower, Miami Herald, 16 Jan. 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 21 Apr. 2025.
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