See Also: Lifetime reverse mortgage(finance)
Lifetime reverse mortgage(money)
Reverse mortgage(money)
Reverse mortgage(finance)
Fixed-term reverse mortgage(money)
Fixed term reverse mortgage(finance)
Purchase money mortgage(finance)
Purchase Money Mortgage(money)
Purchase-money mortgage(money)
lifetime(dictionary)

Lifetime reverse mortgage (money)


Definition: [crh] A type of mortgage in which a homeowner borrows against the value a home, while retaining title, and making no payments while residing in Definition: the home. When the owner ceases living in the house, the property is sold, and the loan repaid.