Fixed Term Reverse Mortgage

Business, Legal & Accounting Glossary

Definition: Fixed Term Reverse Mortgage


Fixed Term Reverse Mortgage


Full Definition of Fixed Term Reverse 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 over a fixed amount of years. A lot of individuals choose this option to pay for variety of expensive costs such as higher education, new construction/remodeling, or to pay off other debts. If the borrower is not careful, a reverse mortgage of any type may result in additional debt.


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https://payrollheaven.com/define/fixed-term-reverse-mortgage/
Modern Language Association (MLA):
Fixed Term Reverse Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/fixed-term-reverse-mortgage/.
Chicago Manual of Style (CMS):
Fixed Term Reverse Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/fixed-term-reverse-mortgage/ (accessed: December 01, 2022).
American Psychological Association (APA):
Fixed Term Reverse Mortgage. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/fixed-term-reverse-mortgage/

Definition Sources


Definitions for Fixed Term Reverse Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.