单词 | reverse mortgage |
释义 | reverse mortgage in American English a loan typically given to an older person who owns a house, usually disbursed in monthly installments, and charged against the homeowner's equity reverse mortgage in Finance (rɪvɜrs mɔrgɪdʒ) Word forms: (regular plural) reverse mortgages noun (Finance: Mortgage) A reverse mortgage is a mortgage on a paid-off property that provides money to an older retired person, to be paid back when the property is sold or when the person dies. A reverse mortgage enables the elderly, or certain others, to remain in their homes when they lack theincome to pay for the upkeep cost of a house. A reverse mortgage is used by older homeowners to receive income from the equity in their home to berepaid when they no longer occupy the home. A reverse mortgage is a mortgage on a paid-off property that provides money to an older retired person,to be paid back when the property is sold or when the person dies. |
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