Reverse Mortgage

Restrictive Covenants Reading Reverse Mortgage 1 minute Next Reversion

Definition:   a form of mortgage that enables elderly homeowners to borrow against the equity in their homes so they can receive monthly payments to help meet living expenses

Pronunciation: \ri-ˈvərs\   \ˈmȯr-gij\

Used in a Sentence:   My grandparents took out a reverse mortgage on their home so they could have extra money each month.

{comment} {endcomment}

Continue reading