reverse mortgage

1 of 2

noun (1)

: a mortgage that allows an elderly person to convert home equity into available funds through a line of credit, cash advance, or periodic disbursements to be repaid with interest usually when the borrower dies, moves, or sells the home

reverse annuity mortgage

2 of 2

noun (2)

variants 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

Examples of reverse mortgage in a Sentence

Recent Examples on the Web

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Noun

There are no origination fees or mortgage insurance premiums on its HomeSafe standard product, unlike every lender’s proprietary reverse mortgage. —

Kelsey Neubauer, CNBC, 26 June 2026 After that, Anne Teague obtained a reverse mortgage for the house to cover maintenance. —

Noel Brennan, CBS News, 25 June 2026 See All Example Sentences for reverse mortgage

Word History

First Known Use

Noun (1)

1977, in the meaning defined above

Noun (2)

1969, in the meaning defined above

Time Traveler

The first known use of reverse mortgage was in 1969

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Browse Nearby Words

reversement

reverse mortgage

reverse of the medal

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Cite this Entry

Style

“Reverse mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reverse%20mortgage. Accessed 7 Jul. 2026.

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