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
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Learn about the advantages of reverse mortgages. Elliot Raphaelson, The Orlando Sentinel, 24 Apr. 2026 Homeowners 62 or older can consider a reverse mortgage. David McMillin, CNBC, 20 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 This March, especially, can be a smart time to consider a reverse mortgage. Matt Richardson, CBS News, 25 Feb. 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

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Cite this Entry

“Reverse mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reverse%20mortgage. Accessed 27 Apr. 2026.

Legal Definition

reverse mortgage

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