Monthly Advance Reverse Mortgage

Concept of Monthly Advance Reverse Mortgage in the context of Real Property

A short definition of Monthly Advance Reverse Mortgage: A mortgage under which the borrower receives monthly payments which are repaid in a lump sum, either at a specified time, when the borrower sells the property, or when the borrower dies. See also: Reverse Mortgage.

Concept of Monthly Advance Reverse Mortgage in the context of Real Property

A short definition of Monthly Advance Reverse Mortgage: A mortgage under which the borrower receives monthly payments which are repaid in a lump sum, either at a specified time, when the borrower sells the property, or when the borrower dies. See also: Reverse Mortgage.