Reverse mortgage
Definition
A loan to an elderly home owner on which the balance rises over time, and which is not repaid until the owner dies, sells the house, or moves out permanently
Related Terms Other terms related to 'Reverse mortgage' starting with the letter 'R' Referral site, Rate protection, Right of rescission, RESPA, Rate point breakeven Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 