How to Use reverse mortgage in a Sentence

reverse mortgage

noun
Definition of reverse mortgagenext
  • In the fallout of the reverse mortgage, Ms. Haskell lost her home of 46 years.
    — Michael Wilson, New York Times, 27 May 2018
  • Nearly 50 homes in Blair’s neighborhood had reverse mortgages that failed in the past five years.
    — USA Today, 12 June 2019
  • Brooks says his income has dried up so much that he’s taken out a reverse mortgage on his Daly City home to make ends meet.
    — Carolyne Zinko, San Francisco Chronicle, 30 Dec. 2017
  • And then, in 2014, he was evicted as part of a dispute with his reverse mortgage lender that continues to this day.
    — Steve Lopez Columnist, Los Angeles Times, 19 Dec. 2020
  • The person in question owned the home with a sibling, and the sibling did not live in the home, which could complicate the process of getting a reverse mortgage.
    — Liz Weston, oregonlive, 22 Aug. 2020
  • In fact, a big mortgage could preclude you from getting a reverse mortgage at all.
    — Liz Weston, oregonlive, 5 Sep. 2022
  • The retiree who is a homeowner can add a HECM reverse mortgage to the plan and draw a credit line which can be drawn on for any purpose.
    — Jack Guttentag, Forbes, 28 Jan. 2022
  • To make ends meet, she's taken out a reverse mortgage on her Portland, Maine, home that yields $400 monthly.
    — Judith Graham, CBS News, 27 July 2022
  • To make ends meet, she’s taken out a reverse mortgage on her Portland, Maine, home that yields $400 monthly.
    — Fortune, 25 July 2022
  • If paying back the money would be a hardship, a reverse mortgage might be an option.
    — Liz Weston, oregonlive, 1 Jan. 2022
  • This downloadable guide that explains reverse mortgages and what to watch for.
    — Ashley Shaffer, USA TODAY, 12 June 2019
  • So far it’s got the elements of a bad country song or a late-night TV commercial for reverse mortgages.
    — Bill Goodykoontz, The Arizona Republic, 20 Feb. 2024
  • The fine print is considerable on reverse mortgage contracts, and each year, scads of them end up in default.
    — Steve Lopez Columnist, Los Angeles Times, 19 Dec. 2020
  • In a reverse mortgage, the bank makes payments to the homeowner in exchange for home equity.
    — Gerard Gayou, WSJ, 15 Nov. 2018
  • The way to protect the retiree member against the hazard of over-paying is to act as the client’s agent, selecting the best terms on both the annuity and reverse mortgage.
    — Jack Guttentag, Forbes, 28 Jan. 2022
  • The workshop will explain the guidelines and terms of getting a reverse mortgage and will review pitfalls of a reverse mortgage.
    — Linda McIntosh, San Diego Union-Tribune, 2 Aug. 2021
  • Her oldest child, 80-year-old Ellen, secured a reverse mortgage on her home in California to help pay for care.
    — BostonGlobe.com, 3 July 2021
  • As the name suggests, reverse mortgages work like a regular mortgage loan, but in reverse.
    — Gary Singer, Sun Sentinel, 16 Feb. 2023
  • More: Seniors were sold a risk-free retirement with reverse mortgages.
    — Joe Guillen, Detroit Free Press, 11 June 2019
  • Still, increased longevity can make a reverse mortgage the best alternative in the twilight years.
    — cleveland, 25 Feb. 2021
  • Most residents took buyouts and moved, but Guillen stayed on, taking a reverse mortgage on the property.
    — Washington Post, 11 Feb. 2022
  • Interest accrues on reverse mortgages until the day they are paid.
    — Nick Penzenstadler, USA Today, 19 Dec. 2019
  • Many people don’t understand how a reverse mortgage balance can grow over time.
    — Liz Weston, oregonlive, 20 June 2020
  • The mortgage can be paid off using the retiree’s financial assets, or by drawing enough for that purpose from a HECM reverse mortgage.
    — Jack Guttentag, Forbes, 12 Aug. 2022
  • Have a reverse mortgage; and owe a past-due property tax and/or insurance payment.
    — Angela Rodriguez, Sacramento Bee, 13 Feb. 2024
  • Taking out a reverse mortgage — a loan secured by your home — can also bring in regular payments.
    — Dallas News, 20 Feb. 2022
  • Another option could be a reverse mortgage, a loan that can convert some of your home equity into a stream of monthly checks.
    — oregonlive, 8 Jan. 2020
  • If there was substantial equity in the home, however, a reverse mortgage could pay off the existing mortgage and might be worth the effort.
    — Liz Weston, oregonlive, 22 Aug. 2020
  • Her father had died suddenly from a heart attack a year and a half earlier, leaving her the family’s Maspeth, Queens, home — and, to her surprise, a reverse mortgage.
    — Jake Pearson, ProPublica, 7 Mar. 2024
  • Another option is to tap home equity with a reverse mortgage line-of-credit.
    — Anne Tergesen, WSJ, 30 Aug. 2022

Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'reverse mortgage.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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