reverse-equity mortgage
1reverse annuity mortgage — noun or reverse mortgage : a loan against home equity that provides an annuity to the homeowner and is repayable at the time the home is sold * * * a type of home mortgage under which an elderly homeowner is allowed a long term loan in the form… …
2reverse annuity mortgage — a type of home mortgage under which an elderly homeowner is allowed a long term loan in the form of monthly payments against his or her paid off equity as collateral, repayable when the home is eventually sold. Abbr.: RAM Also called equity… …
3mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …
4mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …
5reverse mortgage — noun see reverse annuity mortgage * * * reverse annuity mortgage or reverse mortgage, U.S. and Canada. the transfer of a homeowner s mortgage to a bank, lending company, or the like, in return for a regular annuity: »The reverse annuity mortgage… …
6equity conversion. — See reverse annuity mortgage. * * * …
7equity conversion. — See reverse annuity mortgage …
8Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …
9Equity release — is a means of retaining use of your house or other object which has capital value, while also obtaining a steady stream of income, using the value of the house.The catch is that you have to re pay the income provider at a later stage, usually… …
10mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… …
