How to Use reverse mortgage in a Sentence

reverse mortgage

noun

• In the fallout of the reverse mortgage, Ms. Haskell lost her home of 46 years.
  — Michael Wilson, New York Times, 27 May 2018
• Nearly 50 homes in Blair’s neighborhood had reverse mortgages that failed in the past five years.
  — USA Today, 12 June 2019
• Brooks says his income has dried up so much that he’s taken out a reverse mortgage on his Daly City home to make ends meet.
  — Carolyne Zinko, San Francisco Chronicle, 30 Dec. 2017
• And then, in 2014, he was evicted as part of a dispute with his reverse mortgage lender that continues to this day.
  — Steve Lopez Columnist, Los Angeles Times, 19 Dec. 2020
• The person in question owned the home with a sibling, and the sibling did not live in the home, which could complicate the process of getting a reverse mortgage.
  — Liz Weston, oregonlive, 22 Aug. 2020
• In fact, a big mortgage could preclude you from getting a reverse mortgage at all.
  — Liz Weston, oregonlive, 5 Sep. 2022
• The retiree who is a homeowner can add a HECM reverse mortgage to the plan and draw a credit line which can be drawn on for any purpose.
  — Jack Guttentag, Forbes, 28 Jan. 2022
• To make ends meet, she’s taken out a reverse mortgage on her Portland, Maine, home that yields $400 monthly.
  — Fortune, 25 July 2022
• To make ends meet, she's taken out a reverse mortgage on her Portland, Maine, home that yields $400 monthly.
  — Judith Graham, CBS News, 27 July 2022
• If paying back the money would be a hardship, a reverse mortgage might be an option.
  — Liz Weston, oregonlive, 1 Jan. 2022
• This downloadable guide that explains reverse mortgages and what to watch for.
  — Ashley Shaffer, USA TODAY, 12 June 2019
• So far it’s got the elements of a bad country song or a late-night TV commercial for reverse mortgages.
  — Bill Goodykoontz, The Arizona Republic, 20 Feb. 2024
• The fine print is considerable on reverse mortgage contracts, and each year, scads of them end up in default.
  — Steve Lopez Columnist, Los Angeles Times, 19 Dec. 2020
• In a reverse mortgage, the bank makes payments to the homeowner in exchange for home equity.
  — Gerard Gayou, WSJ, 15 Nov. 2018
• The way to protect the retiree member against the hazard of over-paying is to act as the client’s agent, selecting the best terms on both the annuity and reverse mortgage.
  — Jack Guttentag, Forbes, 28 Jan. 2022
• The workshop will explain the guidelines and terms of getting a reverse mortgage and will review pitfalls of a reverse mortgage.
  — Linda McIntosh, San Diego Union-Tribune, 2 Aug. 2021
• Her oldest child, 80-year-old Ellen, secured a reverse mortgage on her home in California to help pay for care.
  — BostonGlobe.com, 3 July 2021
• As the name suggests, reverse mortgages work like a regular mortgage loan, but in reverse.
  — Gary Singer, Sun Sentinel, 16 Feb. 2023
• More: Seniors were sold a risk-free retirement with reverse mortgages.
  — Joe Guillen, Detroit Free Press, 11 June 2019
• Still, increased longevity can make a reverse mortgage the best alternative in the twilight years.
  — cleveland, 25 Feb. 2021
• Most residents took buyouts and moved, but Guillen stayed on, taking a reverse mortgage on the property.
  — Washington Post, 11 Feb. 2022
• Interest accrues on reverse mortgages until the day they are paid.
  — Nick Penzenstadler, USA Today, 19 Dec. 2019
• Many people don’t understand how a reverse mortgage balance can grow over time.
  — Liz Weston, oregonlive, 20 June 2020
• The mortgage can be paid off using the retiree’s financial assets, or by drawing enough for that purpose from a HECM reverse mortgage.
  — Jack Guttentag, Forbes, 12 Aug. 2022
• Have a reverse mortgage; and owe a past-due property tax and/or insurance payment.
  — Angela Rodriguez, Sacramento Bee, 13 Feb. 2024
• Taking out a reverse mortgage — a loan secured by your home — can also bring in regular payments.
  — Dallas News, 20 Feb. 2022
• Another option could be a reverse mortgage, a loan that can convert some of your home equity into a stream of monthly checks.
  — oregonlive, 8 Jan. 2020
• If there was substantial equity in the home, however, a reverse mortgage could pay off the existing mortgage and might be worth the effort.
  — Liz Weston, oregonlive, 22 Aug. 2020
• With a reverse mortgage, the loan balance grows over time as interest accrues, diminishing the borrower’s ownership stake (equity) in the home.
  — Essence, 14 June 2024
• The counselor will look at your goals, financial shortfall and income history to clarify whether a reverse mortgage is an appropriate choice, says Lederer.
  — Nerdwallet, The Mercury News, 10 July 2024

Last Updated: 24 Nov 2024