Reverse-annuity mortgage

An arrangement in which a homeowner borrows against the equity in his/her home and receives regular monthly tax-free payments from the Lender. also called reverse Mortgage or home equity Conversion mortgage.

Related Terms: 14 Borrow, Call, Conversion, Home equity, Home Equity Conversion Mortgage, Lend, Lender, Mortgage, Own, Range, Reverse mortgage, RSI, Tax, UIT

Other Related Pages: Category: Real_Estate Starting With: R

Additional Related Terms: 10-Q, Asset/equity ratio, After-tax basis, All or any part, At call, Average equity, Accumulated earnings tax, All-risks coverage, Add-on service, As is