|
|
Lifetime reverse mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Lifetime reverse mortgageA type of mortgage in which a homeowner borrows against the value a home, while retaining title, and making no payments while residing in the home. When the owner ceases living in the house, the property is sold, and the loan repaid.Lifetime reverse mortgage Similar MatchesLifetime capLifetime capA limit on how high the interest rate on a variable rate mortgage can rise over the lifetime of the loan. "Once in a Lifetime" Tax Exclusion"Once in a Lifetime" Tax ExclusionA forgiveness of a portion of the tax due on the sale of a residence by a senior citizen. As the term denotes, the exclusion can be taken only once. |
|
|
|