reverse mortgage
noun [ C ] finance & economics US specialized uk/rɪˌvɜːs ˈmɔː.ɡɪdʒ/ us/rɪˌvɝːs ˈmɔːr.ɡɪdʒ/ (UK equity release)
反向抵押贷款（一种金融安排，让房屋拥有者在继续居住的前提下获得基于房屋价值的资金）
a financial arrangement that allows a person who owns a house to obtain money based on the value of their house, while continuing to live in it
A reverse mortgage enables older homeowners to convert the equity in their homes into income. 反向抵押贷款使年长的房主能够将其房屋所含资产转化为收入。
He took out a reverse mortgage that pays him $1,600 a month.
- More examples
- Falling house prices mean that fewer properties will qualify for reverse mortgages.
- The number of homeowners taking out reverse mortgages has been rising nationally over the past 18 years.
- If you are age 62 or older and own your home, you qualify for a reverse mortgage loan.