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English Fox - English Dictionary
Meaning of
reverse mortgage
in English
reverse mortgage
us
/rɪˈvɜrs mɔrˌɡɪdʒ/
uk
/rɪˈvɜːs mɔːˌɡɑːtʃ/
#moderate
Definitions
Noun
a
loan
using
one's
home
as
collateral
;
repaid
upon
sale
The
bank
offered
a
reverse
mortgage
to
the
elderly
homeowner
.
borrowing
against
home
equity
;
repayment
deferred
until
sale
,
death
,
or
move
The
couple
used
a
reverse
mortgage
to
borrow
against
their
home
equity
.