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  1. Oxford Dictionary

    reverse mortgage

    • n.
      a financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income

    • noun: reverse mortgage, plural noun: reverse mortgages

    • 釋義

    名詞

    • 1. US a financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income with the baby boomer generation reaching retirement, the industry will find the perfect product in the reverse mortgage unlike traditional mortgages, which decline as you pay down the loan, reverse mortgages rise over time as interest on the loan accrues