Reverse mortgage loan

Reverse mortgage loan – in the context of Real Estate Law, this term refers to a mortgage loan, during the period of which the lender releases a regular sum of money towards the borrower. This sum of money, given regularly, is secured with the mortgage on the property. And respectively, the mortgage loan has to be paid back as a total sum in one go (usually when the real estate is sold, or alternatively, with the death of the borrower).

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