Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
reverse mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. reverse mortgage … Law dictionary
reverse mortgage — n. a loan typically given to an older person who owns a house, usually disbursed in monthly installments, and charged against the homeowner s equity * * * … Universalium
reverse mortgage — n. a loan typically given to an older person who owns a house, usually disbursed in monthly installments, and charged against the homeowner s equity … English World dictionary
Reverse mortgage — A reverse mortgage (known as lifetime mortgage in the United Kingdom) is a loan available to seniors (62 and older in the United States), and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner s … Wikipedia
Reverse Mortgage — A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage (principal or interest) is required until the borrower dies or the home is sold. After accounting for the initial mortgage … Investment dictionary
reverse mortgage — /rəvɜs ˈmɔgɪdʒ/ (say ruhvers mawgij) noun a form of mortgage in which the home owner borrows against his or her equity in the property but does not pay interest while living in the home; the interest accumulates and is paid at the time of the… …
mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… … Law dictionary
lifetime reverse mortgage — A type of mortgage in which a homeowner borrows against the value a home, while retaining title, and making no payments while residing in the home. When the owner ceases living in the house, the property is sold, and the loan repaid. Bloomberg… … Financial and business terms
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary