reverse mortgage

noun

: 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 sells the home

Examples of reverse mortgage in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
However, reverse mortgages aren't free money. Angelica Leicht, CBS News, 12 June 2026 The key difference is that these reverse mortgages are not insured by the federal government. Kelsey Neubauer, CNBC, 9 June 2026 The national nonprofit counted at least 34,000 clients last year, some of whom sought help with their reverse mortgages. Jeff Lazerson, Oc Register, 30 Apr. 2026 The complaint alleges that Unison has violated Colorado’s consumer credit code, consumer protection act, mortgage lending requirements and reverse mortgage requirements. Judith Kohler, Denver Post, 10 Apr. 2026 See All Example Sentences for reverse mortgage

Word History

First Known Use

1977, in the meaning defined above

Time Traveler
The first known use of reverse mortgage was in 1977

Browse Nearby Words

Cite this Entry

“Reverse mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reverse%20mortgage. Accessed 16 Jun. 2026.

Legal Definition

reverse mortgage

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