Meaning 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
More terms such as Lifetime reverse mortgage in Dictionary L.
- Definition Lady Macbeth Strategy:
- Examples Strategy in which a third party poses as a white knight in a takeover bid, and then joins forces with an unfriendly bidder lifetime reverse mortgage definition.
- Definition Lending Agreement:
- Examples A contract regarding funds transferred between a lender and a borrower lifetime reverse mortgage explain.
- Definition Level Term Insurance:
- Examples A life insurance policy with a fixed face value and increasing premiums lifetime reverse mortgage what is.
- Definition Limited Discretion:
- Examples Permission by a client that allows a broker to make certain stock and option trades without first consulting the client about the trade lifetime reverse mortgage meaning.
- Definition Liquidity Fund:
- Examples A California company that buys real estate limited partnership interests at 25% to 35% lower than the current value of the real estate assets lifetime reverse mortgage abbreviation.
