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
Consider this as purchasing a new home in retirement using a reverse mortgage.
—
Jamie Hopkins, Forbes, 28 Mar. 2024
Her father had died suddenly from a heart attack a year and a half earlier, leaving her the family’s Maspeth, Queens, home — and, to her surprise, a reverse mortgage.
—Jake Pearson, ProPublica, 7 Mar. 2024
However, the study underscores the need for improved education on reverse mortgages and understanding of the products and strategies.
—Jamie Hopkins, Forbes, 28 Mar. 2024
The catch: Unlike a reverse mortgage, a HELOC requires you to make payments.
—Kate Ashford Of Nerdwallet, Quartz, 4 Mar. 2024
Withdrawing equity via a reverse mortgage actually means taking out a loan and pledging your home equity as collateral.
—Michael Cannivet, Forbes, 29 Feb. 2024
So far it’s got the elements of a bad country song or a late-night TV commercial for reverse mortgages.
—Bill Goodykoontz, The Arizona Republic, 20 Feb. 2024
Have a reverse mortgage; and owe a past-due property tax and/or insurance payment.
—Angela Rodriguez, Sacramento Bee, 13 Feb. 2024
Her mother, unbeknownst to all save a financial adviser, had taken out a reverse mortgage and exhausted its returns in no time.
—Joy Williams, The New Yorker, 8 Jan. 2024
Jamie Hopkins, Forbes, 28 Mar. 2024
Her father had died suddenly from a heart attack a year and a half earlier, leaving her the family’s Maspeth, Queens, home — and, to her surprise, a reverse mortgage.
—Jake Pearson, ProPublica, 7 Mar. 2024
However, the study underscores the need for improved education on reverse mortgages and understanding of the products and strategies.
—Jamie Hopkins, Forbes, 28 Mar. 2024
The catch: Unlike a reverse mortgage, a HELOC requires you to make payments.
—Kate Ashford Of Nerdwallet, Quartz, 4 Mar. 2024
Withdrawing equity via a reverse mortgage actually means taking out a loan and pledging your home equity as collateral.
—Michael Cannivet, Forbes, 29 Feb. 2024
So far it’s got the elements of a bad country song or a late-night TV commercial for reverse mortgages.
—Bill Goodykoontz, The Arizona Republic, 20 Feb. 2024
Have a reverse mortgage; and owe a past-due property tax and/or insurance payment.
—Angela Rodriguez, Sacramento Bee, 13 Feb. 2024
Her mother, unbeknownst to all save a financial adviser, had taken out a reverse mortgage and exhausted its returns in no time.
—Joy Williams, The New Yorker, 8 Jan. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'reverse mortgage.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near reverse mortgage
Cite this Entry
“Reverse mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reverse%20mortgage. Accessed 23 Apr. 2024.
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