A type of mortgage in which a homeowner borrows against the value of his or her home, while retaining the title, and making no payments while residing in the home. At the time that the owner ceases living in the house, the property is sold and the loan repaid.
LIFETIME REVERSE MORTGAGE
Meaning of LIFETIME REVERSE MORTGAGE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012