Reverse mortgage
An arrangement in which a homeowner borrows against the equity in his/her home and receives regular monthly tax-free payments from the Lender. also called reverse-annuity Mortgage or home equity Conversion mortgage.
An arrangement in which a homeowner borrows against the equity in his/her home and receives regular monthly tax-free payments from the Lender. also called reverse-annuity Mortgage or home equity Conversion mortgage.