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.
Start exploring your top reverse mortgage lenders here today. Angelica Leicht, CBS News, 7 Jan. 2026 Additionally, accessing home equity via a reverse mortgage or HELOC can also be costly and time-consuming, Blanchett said. Greg Iacurci, CNBC, 14 Nov. 2025 The Federal Housing Administration will resume review of reverse mortgage loans for the elderly that were suspended during the shutdown. Joey Garrison, USA Today, 13 Nov. 2025 In 2015, property records show Nassar took out a nearly $300,000 reverse mortgage — a type of loan that lets older borrowers draw on the equity in their homes. Violet Ikonomova, Freep.com, 8 July 2025 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 14 Jan. 2026.

Legal Definition

reverse mortgage

see mortgage

Last Updated: - Updated example sentences
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