reverse mortgagenoun pluralreverse mortgages Britannica Dictionary definition of REVERSE MORTGAGE [count]chiefly US, finance :a legal agreement in which a bank pays you an amount of money equal to the part of your home's value that you actually own, and you agree that when you sell your home...
reverse mortgage (redirected fromReverse Mortgages) Thesaurus Financial Encyclopedia reverse mortgage n. 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. ...
The meaning of REVERSE MORTGAGE is 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
The meaning of MORTGAGE is a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms. How to use mortgage in a sentence.
reverse (top) and obverse (bottom) of a Polish zloty coin re·verse (rĭ-vûrs′) adj. 1.Turned backward in position, direction, or order:the reverse side of the poster. 2.Moving, acting, or organized in a manner contrary to the usual:in reverse order. ...
is that learningmortgage termsis something you can start on right now. For example, "mortgagee" is a term you're likely to come across quite a bit as you navigate the waters of financing a home. Let's explore the term mortgagee and see how that may be used across yourmortgage documents...
reverse mortgage(noun) future(noun) 1mortgage/ˈmoɚgɪʤ/noun pluralmortgages Britannica Dictionary definition of MORTGAGE [count] :a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years ...
Related to mortgage:reverse mortgage,Mortgage rates A legal document by which the owner (i.e., the buyer) transfers to the lender an interest in real estate to secure the repayment of a debt, evidenced by a mortgage note. When the debt is repaid, the mortgage is discharged, and a satisf...
Define Mortgage Modification. means each amendment, amendment and restatement, supplement or modification in respect of each Existing Mortgage reasonably satisfactory to the Administrative Agent delivered pursuant to Section 4.01(b)(iv) or Section 6.15.
- A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unen***bered value of the property...- Falling in Reverse is an American rock band that formed in 2008 by lead vocalist Ronnie Radke. The band's original name was...