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
Reverse Mortgage Another strategy, one that often receives more skepticism, is taking out a reverse mortgage.
—
James Lange, Forbes.com, 23 May 2025
Types of loans Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, construction, refinancing, reverse mortgages
Terms
15 to 30 years
Credit needed
540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans.
—Kelsey Neubauer, CNBC, 15 Sep. 2024
Finding The Right Fit Not all reverse mortgages are created equal.
—James Lange, Forbes.com, 23 May 2025
Read more Best reverse mortgage lenders right now What is a reverse mortgage?
—Kelsey Neubauer, CNBC, 20 May 2025
See All Example Sentences for reverse mortgage
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James Lange, Forbes.com, 23 May 2025
Types of loans Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, construction, refinancing, reverse mortgages
Terms
15 to 30 years
Credit needed
540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans.
—Kelsey Neubauer, CNBC, 15 Sep. 2024
Finding The Right Fit Not all reverse mortgages are created equal.
—James Lange, Forbes.com, 23 May 2025
Read more Best reverse mortgage lenders right now What is a reverse mortgage?
—Kelsey Neubauer, CNBC, 20 May 2025
See All Example Sentences for reverse mortgage
Cite this Entry
“Reverse mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reverse%20mortgage. Accessed 4 Jul. 2025.
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