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
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In addition, the proprietary Longbridge Platinum mortgage is only available in 24 states,
Longbridge reverse mortgage FAQs
Is Longbridge a good reverse mortgage company?
—
Kelsey Neubauer, CNBC, 20 May 2025
There have long been a plethora of financial products available for homeowners, from home equity loans to reverse mortgages, said Noelle Melton, vice president of national homeownership programs and lending at the national nonprofit NeighborWorks America.
—Andrea Riquier, USA Today, 18 May 2025
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
See All Example Sentences for reverse mortgage
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Kelsey Neubauer, CNBC, 20 May 2025
There have long been a plethora of financial products available for homeowners, from home equity loans to reverse mortgages, said Noelle Melton, vice president of national homeownership programs and lending at the national nonprofit NeighborWorks America.
—Andrea Riquier, USA Today, 18 May 2025
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
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 21 Jul. 2025.
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