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.
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 Under Washington’s Reverse Mortgage Act, the arrangement qualified as a reverse mortgage loan. Aj Dhaliwal, Forbes.com, 27 Aug. 2025 Attendees can also meet dozens of experts offering advice on everything from home repairs and legal services to Medicare, health care and reverse mortgages. Laura Daily, Denver Post, 1 Aug. 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 22 Nov. 2025.

Legal Definition

reverse mortgage

see mortgage

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!