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
reverse mortgage(noun) reverse psychology(noun) charge(noun) 1reverse/rɪˈvɚs/verb reverses;reversed;reversing Britannica Dictionary definition of REVERSE 1 [+ object]:to change (something) to an opposite state or condition Our roles as caregiver and patient have beenreversed. [=switched]...
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
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 or when you move or die, that amount...
Define Reverse Mortgages. Reverse Mortgages synonyms, Reverse Mortgages pronunciation, Reverse Mortgages translation, English dictionary definition of Reverse Mortgages. n. A mortgage in which a homeowner, usually an elderly or retired person, borrows mo
Reverse Apartheid definition: a perceived bias against White people following the end of Apartheid. See examples of REVERSE APARTHEID used in a sentence.
What are reverse mortgages, and how do they work? Click here for a complete Reverse Mortgage 101 from Longbridge Financial.
definition for such Interest Accrual Period without regard to this proviso shall be decreased by the Interest Reserve Amount, if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage ...
Reverse stock splits can be used to boost a stock's per-share price and avoid being delisted from a major stock exchange. Reverse stock splits can indicate plummeting per-share prices, which may be worrisome to investors even if the action itself has no true effect on the value of shares...
A single-use reverse mortgage can help pay property taxes, maintenance and upkeep of the home, home insurance premiums, or common payments that fall within the lender’s interest. Other types of reverse mortgages are less restrictive but more costly; however, single-purpose loans are also harder...