Reverse mortgage | Reverse Mortgage Glossary
Reverse mortgage
A loan for 62+ homeowners that pays them from home equity with no required monthly mortgage payments.
Plain English
A loan for 62+ homeowners that pays them from home equity with no required monthly mortgage payments.
Everyday analogy
Think of this as one piece of a loan puzzle. See our complete glossary or what is a reverse mortgage guide for context.
When this is NOT a good fit
Understanding terms does not mean a reverse mortgage is right for you. Review our eligibility and foreclosure guides before deciding.