Sentences with reverse mortgage
re·verse mort·gage
R r - A reverse mortgage enables the elderly, or certain others, to remain in their homes when they lack the income to pay for the upkeep cost of a house.A reverse mortgage is used by older homeowners to receive income from the equity in their home to be repaid when they no longer occupy the home.A reverse mortgage is a mortgage on a paid-off property that provides money to an older retired person, to be paid back when the property is sold or when the person dies.