Welcome, visitor! [ Login

Premium WordPress Themes - AppThemes

Listings for Reverse Mortgages Key Terms (24)



Default The failure to meet the loan requirements included in the reverse mortgage. For example, the requirements of a Home Equity Conversion Mortgage (HECM) loan […]

171 total views, 2 today


Deed-in-lieu of foreclosure

Deed-in-lieu of foreclosure An arrangement where the borrower voluntarily turns over ownership of the home to the lender to avoid the foreclosure process.

160 total views, 2 today



Co-borrower A person, usually the borrower’s spouse or partner, who also signs the reverse mortgage loan note and who is equally responsible for fulfilling all […]

157 total views, 2 today



Appraisal A written document that shows an opinion of how much a property is worth. It describes what makes the property valuable and may show […]

159 total views, 0 today

Page 3 of 3 1 2 3