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Definition of reverse mortgages in English English dictionary
- plural form of reverse mortgage
- reverse mortgage
- An agreement under which money is borrowed to be repaid only when the borrower sells their home or dies or moves
- reverse mortgage
- 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
Related Terms
reverse mortgages
Hyphenation
re·verse mortgagesTurkish pronunciation
rivırs môrgıcızPronunciation
/rēˈvərs ˈmôrgəʤəz/ /riːˈvɜrs ˈmɔːrɡəʤəz/
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