Lifetime Reverse Mortgage

Business / Finance / Lifetime Reverse Mortgage: A 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.

Other Words for Reverse

Reverse Adjective Synonyms: alter, change, modify, renounce, recant, take back
Reverse Noun Synonyms: opposite, contrary, inverse, converse, inverted, upside down, mirror, reversed, backward
Reverse Verb Synonyms: back up, move or go backwards or also backward, backtrack, make sternway
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Real Estate Mortgage Investment Conduit (REMIC)

Business / Finance / Real Estate Mortgage Investment Conduit (REMIC): A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bond MORE

Repayment Mortgages

Business / Debt / Repayment Mortgages: A mortgage where throughout the term, regular payments are made to partly repay interest on the capital and to partly repay the capital itself (the amount of the loan). Initially the largest proportio MORE

Residential Mortgage

Business / Finance / Residential Mortgage: Mortgage on a residential property, tax-deductible for individuals up to $1 million. MORE

Re Mortgage

Business / Debt / Re Mortgage: To re mortgage is arranging alternative finance for the purchase of a property which is already mortgaged. MORE

Purchase-Money Mortgage

Business / Finance / Purchase-Money Mortgage: A mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property. MORE

Primary Mortgage Market

Business / Real Estate / Primary Mortgage Market: The mortgage market in which loans are originated and consisting of lenders such as commercial banks, savings and loan associations and mutual savings banks. MORE

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