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English - English
Definition of reverse mortgage in English English dictionary
- An agreement under which money is borrowed to be repaid only when the borrower sells their home or dies or moves
- A mortgage in which a homeowner, usually an elderly or retired person, borrows money in the form of annual payments which are charged against the equity of the home
- reverse mortgages
- plural form of reverse mortgage
Related Terms
reverse mortgage
Hyphenation
re·verse mort·gageTurkish pronunciation
rivırs môrgıcPronunciation
/rēˈvərs ˈmôrgəʤ/ /riːˈvɜrs ˈmɔːrɡəʤ/
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