HomeDefinitionsCompareDebt Reverse mortgageThe financial definition for Reverse mortgage:A mortgage agreement allowing a homeowner to borrow against home equity and receive tax-free payments until the total principal and interest reach the credit limit of equity, and the lender is either repaid in full or takes the house. Similar MatchesAdjustable rate mortgage (ARM)Adjustable rate mortgage (ARM)A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps. Alternative mortgage instrumentsAlternative mortgage instrumentsVariations of mortgage mortgage such as mortgage and variable-rate mortgages, mortgage, mortgage and several seldom-used variations. Bi weekly mortgage loanBi weekly mortgage loanA mortgage loan on which mortgage and mortgage payments are made every half-month (total of 26 payments) as opposed to monthly payments. This results in earlier loan mortgage. Further SuggestionsBlanket MortgageChattel Mortgage Closed end mortgage Collateralized mortgage obligation (CMO) Commercial Mortgage Backed Securities Consolidated mortgage bond Conventional mortgage Click to compare definitions of Reverse mortgage Click to view definitions beginning re |